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Palantir reported commercial revenue of $984 million, up 148% and above government revenue of $953 million for the first time. MarketWatch reported that slower growth in U.S. commercial contracts gave some analysts pause despite the earnings beat.
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Palantir sells data-analysis software to government and business customers, so its results offer a signal about demand in both markets. The reported slowdown in U.S. commercial contract growth may matter to investors assessing whether recent growth can continue.