Palantir Technologies Inc. said it expects sales growth to hit its slowest pace since it went public as the federal government delays some spending on contracts with the data-mining company.
“You live by the same sword that you pay the price for, and we deal with very, very large contracts,” Chief Executive Alex Karp said Monday on the company’s second-quarter earnings call, adding that the U.S. government “has some of our largest contracts, and they have been pushed out.”
