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Palantir Rallies on Sales Forecast, Embrace of Bitcoin

  • Sales growth in second quarter will be 43%, above estimates
  • Loss was 7 cents a share; stock-based pay more than tripled
Palantir Expected To Be Valued At Almost $22 Billion
Photographer: David Paul Morris/Bloomberg
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Palantir Technologies Inc. expects sales to grow 43% in the second quarter, showing new distribution deals are putting its data analysis software into the hands of more customers.

Revenue will reach $360 million in the period ending in June, the company said in a statement Tuesday. Shares gained 9.4% to close at $20.21 in New York.