PLTR after company reports first billion-dollar quarter

Palantir (PLTR) stock surged in after-hours trading on Monday after the companyreportedsecond quarter results that beat analyst estimates across the board as its revenue topped $1 billion in a quarter for the first time.

The growth rate of our business has accelerated radically, Palantir CEO Alex Karp said. Yet we see no reason to pause, to relent, here.