![Palantir secured a $300 million contract with the U.S. Department of Agriculture [File]](https://www.thehindu.com/theme/images/th-online/1x1_spacer.png "Palantir secured a $300 million contract with the U.S. Department of Agriculture [File]")
Palantir Technologies raised its annual revenue forecast and beat estimates for quarterly results on Monday, a sign of growing demand for its data analytics software from the U.S. government and commercial clients.
The rising adoption of artificial intelligence tools in modern warfare has boosted demand for software platforms developed by companies such as Palantir that help defence departments analyse data and make real-time targeting decisions.