CEO Alex Karp hails ‘iconic’ financial results despite criticism over contracts with ICE and homeland security
Palantir celebrated its latest financial results on Monday, as the tech company blew past Wall Street expectations and continues to prop up the Trump administration’s push to deport immigrants.
Palantir has secured millions of dollars in federal contracts amid Trump’s crackdown on immigrants. The multibillion-dollar Denver-based firm creates tech focused on surveillance and analytics, to be used by the government agencies and private companies.
Palantir’s biggest US customer is the Department of Defense; it also works with the Department of Homeland Security, and the majority of its revenue comes from deals with the federal government. Palantir reported 66% year-over-year growth in revenue from government contracts, to $570m.
Palantir has drawn further criticism over its role in the government’s immigration agenda, since federal immigration officers killed two protesters in Minneapolis last month.
