India, Aug. 4 -- Palantir Technologies delivered a stronger-than-expected second quarter on Monday, with revenue surging 93 per cent year-on-year and profits comfortably beating Wall Street's forecasts, as enterprises continued racing to deploy artificial intelligence infrastructure.

The data analytics company reported net income of $1.07 billion, or 41 cents per share, compared with about $329 million, or 13 cents per share, in the same quarter last year, according to CNBC. Earnings per share came in at 41 cents adjusted against an expected 35 cents, while revenue reached $1.94 billion versus the $1.80 billion analysts had pencilled in. Shares in the company jumped in after-hours trading following the release. Palantir's stock surged 12...