Many argue that Palantir (NYSE: PLTR) is an unrivaled play on the future of data-driven technology. The big question for many though is how distant this might be. Other investors remain dubious over the company’s balance of commercial and government arms; remaining meticulous over small earnings details.
The reality is that Palantir has industry-leading, cutting-edge technology that aligns with the direction of a world that increasingly relies on large swathes of data. Today, the company announced a partnership with Carahsoft Technology, The Trusted Government IT Solutions Provider.
In developing the government arm of the company, Carahsoft will officially serve as Palantir’s U.S Federal Distributor. This means that the partnership will provide the U.S Federal Government will access to Palantir’s leading data software; contracted through NASA Solutions for Enterprise-Wide Procurement.
If Palantir is the chosen provider for government data use, it’s no surprise that many believe in the wider success of the company as an industry leader. This is just the latest expansion of Palantir’s long history with the U.S Fed, with a recent endeavor into the commercial space casting a slight shadow over the long-standing federal arm.
Jennifer Talley, Head of USG Channel and Distribution at Palantir commented:
“Partnering with Carahsoft and its resellers will allow Palantir to fully leverage the value that the channel ecosystem brings, offering the government the ability to work with their trusted partners and have more options on how they can procure our joint solutions”
Palantir’s focus on tailored solutions and flexibility will be vital to company growth. Investors will want to see a heightened focus on financials moving forward in order to understand the company’s growth trajectory.
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Oliver is a financial writer and analyst specialising in the US stock market, with years of personal experience in understanding micro/macroeconomic structures, market trends and fundamental analysis.