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Palantir Reports Meager Corporate Growth, Lackluster Forecast

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Palantir Technologies Inc., struggling to sell its data software to companies, forecast annual sales growth of at least 30%. That suggests a significant slowdown from last year.

By comparison, sales growth in 2020 was 47%, reaching $1.1 billion and exceeding an average of analysts’ estimates compiled by Bloomberg. “The trajectory of growth in 2021 implies a significant deceleration,” Citi wrote in a note to clients.