Palantir’s Revenue Growth Slows as U.S. Government Delays Contracts

Palantir Applied sciences Inc. stated it expects gross sales development to hit its slowest tempo because it went public because the federal authorities delays some spending on contracts with the data-mining firm.

“You reside by the identical sword that you just pay the value for, and we take care of very, very giant contracts,” Chief Govt Alex Karp stated Monday on the corporate’s second-quarter earnings name, including that the U.S. authorities “has some of our largest contracts, and they have been pushed out.”