Impressive Financial Performance

Palantir Technologies Inc. experienced a significant surge in its stock price, jumping 15% in after-hours trading. This remarkable increase came on the heels of the company's announcement of its fourth-quarter financial results for fiscal 2024, which exceeded market expectations.

Revenue and Net Income Growth

The software giant reported a 36% year-over-year increase in revenue, reaching $828 million for the quarter. Additionally, Palantir's net income saw a 10% rise, amounting to $79 million. These figures highlight the company's robust financial health and its ability to outperform in a competitive market.

Future Projections

Looking ahead, Palantir has provided optimistic revenue forecasts. For the first quarter of 2025, the company anticipates revenue to be between $858 million and $862 million. Furthermore, for the entire year of 2025, Palantir projects its revenue to range from $3.741 billion to $3.757 billion. These projections underscore the company's confidence in its continued growth and market expansion.

At 4:19 pm ET, Palantir's stock was trading at $96.36, marking a 15.07% increase from its previous closing price.