Palantir predicts consistent profitability by 2023 after strong Q1 earnings.
Originally Published 2 years ago — by Yahoo Finance
Palantir Technologies beat Q1 revenue expectations and expects to turn a profit every quarter in fiscal 2023. The company launched a new generative AI platform that has garnered significant interest, and it is investing in focus areas like AI while tightening its cloud spending. Palantir's Q2 revenue forecast is slightly below estimates, but its full-year revenue forecast is largely in line with expectations. The company remains bullish on demand for its offerings in the United States but faced challenges in certain international areas.