Palantir (PLTR) Revenue Surges 85% Amid SaaS Sell-Off

AI Summary

Palantir Technologies (PLTR) faced a 25% stock decline this year, yet reported an 85% revenue increase last quarter, driven by a 133% growth in U.S. commercial customers. The company achieved net revenue retention of 150% over the past 12 months. Microsoft (MSFT) experienced over a 15% drop in stock this year, despite Azure’s revenue growing 40%, marking its 11th consecutive quarter with at least 30% growth. Microsoft 365 commercial revenue rose 19% as paid users of Microsoft 365 Copilot increased by 250% to 20 million, highlighting the firms' resilience amid the tech pullback.