“At the same time, our U.S. Government business can be lumpy and we continue to expect there to be near-term uncertainty around timing of contract awards.”

In context

“nd U.K. Ministry of Defense, including the Royal Navy. Within our U.S. Government business, while the revenue results in Q2 are disappointing, they belie the long-term strength of our business. We remain focused on converting significant deals in the pipeline and growing existing contracts through which we are core to the government mission. In Q2, we secured a multiyear contract award from the U.S. Special Operations Command worth up to $463 million, new contract awards for the Air & Space Forces of $110 million and conversion of Army Research Lab R&D funding to longer term work with COCOMs, starting with CENTCOM. We believe in the criticality and meaningful impact our work is having in today’s world events and its eventual monetization, as well as the exceptional user impact we deliver. At the same time, our U.S. Government business can be lumpy and we continue to expect there to be near-term uncertainty around timing of contract awards. Turning back to the overall business. We are excited about our vast opportunities in the quarters ahead. We’re already seeing that AIP will be transformational for our customers and for our business. We look forward to continuing innovating at the forefront through this revolution. Lastly, on the back of our inaugural AIPCon in Q2, we’re excited to share that we’re hosting two additional events to the next AIPCon on September 14th and a new event, the Software for Government, S4G Summit on September 21st, which is specifically designed for our government customers. We look forward to sharing a recap of the events with you at future calls. I’ll now turn it over to Shyam. Shyam Sankar: Thanks, Ryan. At AIPCon this past June, we introduced Palantir’s AI platform, a core set of technologies d”