Palantir Isn't Adding Many New Customers — Existing Clients Are Spending Much More, CEO Alex Karp Says: 'AI Has Just Put Gasoline On All'

Palantir Technologies Inc. (NASDAQ:PLTR) on Monday said that the latest surge in its revenue is being driven less by new customer wins and more by existing clients sharply increasing their spending. Revenue Growth Comes From Bigger Deals, Not More Customers During the company's fourth-quarter earnings call, Palantir CEO Alex Karp told investors that the company's growth is coming from deeper engagement with serious customers rather than a rapid expansion of its client base. "If you look at our n