Media Advisory: Check Presentation to Celebrate Housing Assistance for Veterans
First National and FHLB Dallas awarded Retired U.S. Army Specialist Terry McCune a $25,000 Housing Assistance for Veterans (HAVEN) grant toward downpayment costs for his first home in Temple, Texas. Mr. McCune served in the U.S. Army from 2015-2019 as a mechanic and was medically discharged in 2019.
The media is encouraged to attend the check presentation and reception.
Learn more about the HAVEN program at FHLB Dallas.
Media may RSVP to events@fhlb.com.
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The Hill
2 hours ago
- The Hill
Palantir shares rise after reporting 48 percent surge in revenue
Palantir's share price jumped 8 percent Tuesday morning after the software analytics firm reported massive revenue growth last quarter. The company posted a 48 percent year-over-year increase in revenue for the three-month period between April and June, crossing $1 billion for the first time. 'As usual, I've been cautioned to be a little modest about our bombastic numbers, but honestly there's no authentic way to be anything but have enormous pride and gratefulness about these extraordinary numbers,' Palantir CEO Alex Karp said on a Monday evening earnings call. U.S. commercial revenue nearly doubled, rising 93 percent to $306 million, while U.S. government revenue ticked up a strong 53 percent to $426 million. In the U.S. overall, the company saw 68 percent year-over-year growth. 'This is a perfect time for a revolution in the United States of America,' Karp added. 'We are very, very bullish on America. We have some really crucial and important clients internationally … but this is an American revolution.' Palantir expects another $1 billion in revenue next quarter for an anticipated $4.1 billion in revenue for the full year. The strong earnings call marks the latest in a series of wins for the company, which recently scored a contract with the U.S. Army worth $10 billion over the next decade. It is the most recent tech firm to show off strong quarterly results as the artificial intelligence (AI) boom continues. Microsoft's stock popped last week after reporting $75 billion in annual revenue from its cloud computing platform Azure, briefly pushing the company's valuation above $4 trillion. It is only the second company to cross the historic threshold, following Nvidia's lead last month. Microsoft, Meta, Google and Apple all promised new capital spending, as the pricey push to build out AI infrastructure continues.
Forbes
3 hours ago
- Forbes
Palantir Hits Record High After ‘Astonishing' AI Impact
Palantir's stock rose more than 8% to another intraday high Tuesday, after the software firm reported $1 billion in quarterly revenue for the first time while citing an 'astonishing' impact from artificial intelligence. Chief executive Alex Karp said Palantir's business has 'accelerated rapidly' after it reported $1 billion in quarterly revenue for the first time. AFP via Getty Images Shares of Palantir surged 8% to around $173.70 as of around 11:10 a.m. EDT, paring back earlier gains after the stock set a new intraday record at $176.33. A rally for Palantir comes after the company posted second-quarter earnings per share of $0.16 on Monday, a 77% increase over the same period last year and above estimates of $0.14 EPS, and revenue of just over $1 billion, well above analyst forecasts of $939.25 million and a 48% annual increase, according to a consensus by FactSet. The company also raised its full-year revenue guidance to between $4.14 billion and $4.15 billion, above Wall Street's consensus of $3.91 billion. Palantir CEO Alex Karp said in a statement his firm's second quarter was 'phenomenal' and business has 'accelerated rapidly,' adding Palantir continues to 'see the astonishing impact of AI leverage.' 131%. That's how much Palantir shares have increased this year, by far outperforming growth recorded by the S&P 500 (7.4%). Surprising Fact Palantir became one of the 20 largest U.S. companies as shares rallied again last week. The firm has a market valuation of about $411 billion as of Tuesday's share price, ranking Palantir the 22nd-largest company globally. Tangent The U.S. Army announced last week it would consolidate dozens of software contracts into an enterprise deal with Palantir, which will receive $10 billion over the next decade. WedBush Securities analyst Dan Ives said in a note Monday the deal is 'one of the largest' software contracts by the Defense Department in U.S. history, adding Palantir continues to 'generate unprecedented traction for its entire portfolio across the federal and commercial landscapes.' Some economists have criticized Palantir's growth and valuation this year, including Jefferies analyst Brent Thill, who argued the stock will likely underperform amid a disconnection between 'valuation and achievable growth.' Before Palantir reported Q2 earnings, Rishi Jaluria, an analyst for RBC Capital Markets, wrote, 'We cannot rationalize why Palantir is the most expensive name in our software coverage.' Jalulria noted at the time that unless Palantir reported a 'substantial beat-and-raise quarter' in the near-term, the firm's 'valuation seems unsustainable.' Further Reading U.S. Army Pools Contracts Into Up To $10 Billion Palantir Deal ( Reuters )
Axios
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- Axios
Palantir's $10 billion Army contract continues its D.C. win streak
The U.S. Army is consolidating 75 contracts into a single arrangement with Palantir Technologies worth as much as $10 billion — a move the service said will accelerate deliveries and eliminate middleman fees. Why it matters: The 10-year deal is evidence of three things, closely related: The ascendancy of Palantir in Washington and at the Pentagon, in particular. (At an AI summit last month, President Trump remarked, "We buy a lot of things from Palantir.") The changing ways militaries are trying and buying products, especially software. The maturing D.C.-Silicon Valley relationship, which was on the rocks not too long ago. The big picture: The Army and other services have for years fought to streamline networks, intelligence, safeguards and IT, all while contending with a crush of data in the boardroom and on the battlefield. Solicitation documents noted the Army was expending significant administrative and financial resources managing dozens of "procurement actions tied to the integration of proven commercially available Palantir capabilities." Follow the money: This is Palantir's single largest known contract cap. What they're saying: The deal "reflects a broader shift in recognizing that software isn't a support function — it's core to operational readiness," Wendy Anderson, a former Palantir executive and chief of staff to the late Defense Secretary Ash Carter, told Axios. "This agreement sets a precedent for how government and industry can partner to deliver real capability at speed and scale — and others across the department should follow suit." Zoom out: Palantir is leaning hard into defense work. Chief executive Alex Karp has made it no secret he wants the West to dominate. Last year, the company bested RTX for a $178 million Tactical Intelligence Targeting Access Node contract. It's delivering the kitted-out trucks alongside partners Anduril Industries, Northrop Grumman and L3Harris Technologies. Other wins include an AI research-and-development deal in 2023, worth $250 million, and a predictive maintenance and supply chain agreement in 2022, worth $85 million. Flashback: Palantir successfully sued the Army in 2016. Times have changed.
