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00:02Palantir reported second-quarter adjusted earnings of $0.41 per share and revenue of $1.94 billion,
00:09beating analyst estimates of $0.35 per share and $1.80 billion, according to Benzinga Pro.
00:15Total revenue increased 93% year-over-year. U.S. revenue grew 115% to $1.57 billion,
00:22with U.S. commercial revenue up 149% and U.S. government revenue up 90%.
00:27CEO Alex Karp called the quarter otherworldly, saying surging demand for sovereign AI fueled
00:33Palantir's rapid revenue growth and strengthened his optimism about the company's future.
00:37Palantir closed 220 deals worth more than $1 million during the quarter and generated $1.22
00:43billion in operating cash flow and adjusted free cash flow. The company raised its full-year revenue
00:49and free cash flow guidance and issued third-quarter revenue guidance above analyst estimates.
00:53Shares were up by 14.73% at $144.16, according to data from Benzinga Pro, according to Benzinga Pro.
01:01For all things money, visit Benzinga.com.
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