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Palantir’s Sales To DoD Up 21 Percent In Third Quarter

By Cal Biesecker

Tuesday, November 5th, 2024

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Palantir’s Sales To DoD Up 21 Percent In Third Quarter

The first Tactical Intelligence Targeting Access Node (TITAN) prototype. (Photo Credit: US Army)

Palantir Technologies [PLTR] on Monday reported surging sales in its third quarter that included strong revenue from Defense Department contracts and the U.S. government overall. Sales to the DoD were up 21 percent versus a year ago, driving U.S. government revenue up more than 40 percent to $320 million in the quarter, company officials said during an earnings call Monday evening. Work on the Army’s TITAN intelligence ground station was “fully ramping throughout” the third quarter and deliveries of the…

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