Palantir books its first USD 1 billion in quarterly sales after dodging US spending cuts
Published on: Aug. 5, 2025, 7:50 p.m. | Source: Devdiscourse
Profit rose 33 per cent to USD 327 million in the second quarter.Its USD 1 billion quarterly revenue haul was fuelled by a 53 per cent spike in government sales, despite massive spending cuts under President Donald Trump and his Department of Government Efficiency, once led by the worlds richest man Elon Musk.DOGE has had zero negative impact on Palantirs US government business, which achieved its fastest growth rate since the second quarter of 2021, wrote William Blair analysts Louie DiPalma and Bryce Sandberg.
