2 Technology Stocks Preferred By Gigantic Asset Managers: Palantir

1-Palantir: Data Analysis Giant

Palantir started writing software for the US intelligence community in 2003. And among the giants he wrote software for are the Pentagon and the CIA. Today, it offers two different platform services called Gotham for government agencies and Foundry for commercial customers. Both of these solutions are supported by a third platform, that is the Palantir Apollo. This continuous distribution system automatically updates software (SaaS) products, whether they are running in a public cloud, a private data center, or a classified network. This differs from traditional SaaS products that generally run in a single public cloud system. Simply put, Foundry and Gotham provide insights from information from customers in general. And this helps to make fast, data-driven decisions. For example, in the private sector, Palantir's software also has applications used in the fields of medicine, clinical research and healthcare logistics. Foundry is used to accelerate drug discovery, study the Covid-19 virus, or coordinate the distribution of personal protective equipment and vaccines. According to Palantir, actions can now be implemented faster than any other platform, thanks to Foundry's insights.

This is a persuasive and valuable statement!

Palantir's revenue increased by 47 percent in 2020 to $ 1.1 billion. Government sales make up 56 percent of this revenue, and commercial customers 44 percent. In particular, government spending in this area is also growing rapidly. Sales in this segment have increased by 77 percent last year.

If we were to highlight one of Palantir's major advantages, that would definitely be a history of working with classified government data.

In addition to government business, revenue from commercial customers has increased significantly by 22 percent. The company has recently signed several new contracts that will boost their business business. For example, we can cite the agreements with Rio Tinto, the world's second largest mining company, and PG&E, California's largest utility provider. Investors need to focus on Palantir's potential to add new customers going forward and its strong turnover growth continuity skills. Palantir stock is in a relatively expensive state and trades at 24x in sales. Palantir may experience a decrease in its stocks only with a major bad news.   2 Technology Stocks Preferred By Gigantic Asset Managers: Palantir Source: https://www.fool.com/ You may also be interested in: Dogecoin Saga Creates A Millionaire Overnight!