Palantir executives have long maintained that while large language models get a lot of attention, the company’s AI software is valuable to customers because it lets them put models to work and automate tasks.

The company turned in overall revenue of $884 million, ahead of the $862 million consensus view.

This is a level of surging and ferocious growth that would be spectacular for a company a tenth of our size,” Palantir Chief Executive Alex Karp said in his letter to shareholders. “At this scale, however, our ascent is, we believe, unparalleled.”