Palantir Raises Its Outlook on AI Demand

Palantir (PLTR) reported quarterly revenue that beat analysts’ expectations and raised its full-year outlook on strong demand for its artificial intelligence software.

The company reported first-quarter revenue of $884 million, up 39% year-over-year and above the analyst consensus from Visible Alpha. Adjusted earnings per share of 13 cents, rose from 8 cents per share a year earlier, in line with Wall Street’s estimates. 

Palantir projected second-quarter sales of $934 million to…