Palantir reported its Q1 results with its revenue rising 85% year-on-year in the first quarter to $1.63 billion (over ₹15,500 crore) over estimates of $1.54 billion, Reuters reported. The firm has raised its forecast for annual revenue from $7.20 billion to $7.66 billion. Palantir further said that its revenue from the US government rose by 84% to $687 million.