Palantir shares have increased over 100% in 2024 after struggling in previous years. The company reported a 39% revenue growth in Q1 2025, reaching $884 million. The U.S. Army's $10 billion contract bundles various software projects, allowing flexibility in usage. Palantir has successfully expanded its customer base, reducing military reliance; with non-military revenue growing 71% to $255 million. Ongoing strong relationships with the U.S. government have positively impacted business development and software implementations for clients.
Palantir's revenue rose 39% in the first quarter of 2025, showcasing post-earnings boosting interest in the stock and its move beyond military reliance.
The U.S. Army awarded Palantir a $10 billion order, uniquely bundling software projects for more flexibility and reduced contracting fees.
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