Palantir Technologies reported solid figures in its fiscal first quarter, with adjusted earnings per share of eight cents and revenue of $634.3 million.
Palantir's U.S. commercial business saw strong growth, with revenue increasing 40% year-over-year.
The company ended the quarter with $3.9 billion in cash, cash equivalents, and Treasury securities on hand.
However, Palantir's outlook for the fiscal second quarter and full year fell short of analysts' expectations, leading to a decline in shares.