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Palantir loves the smell of DOGE budget cuts in the morning -- The Register
https://www.theregister.com/2025/05/06/palantir_loves_doge/Palantir, the controversial US surveillance and analytics firm, says it welcomes scrutiny of government spending by the Department of Government Efficiency (DOGE), the controversial cost-cutting agency led by Elon Musk.
Speaking to investors this week, Shyam Sankar, Palantir chief technology officer, said that DOGE was the "right thing for the country." DOGE was established by an executive order in January and charged with cutting government spending to help reduce public debt, which reached a record high of $36.2 trillion in January 2025.
While USAID, the Department of Education, and the Department of Veterans Affairs have become early targets, there remains some skepticism over whether DOGE is saving money amid a downward trend in estimates.
IBM and Accenture are among the tech companies concerned over DOGE-inspired cuts to contracts, but not Palantir. After announcing Q1 revenue of $884 million, up 39 percent on the same period last year, Sankar answered analyst questions about DOGE.
. . .
Speaking to investors this week, Shyam Sankar, Palantir chief technology officer, said that DOGE was the "right thing for the country." DOGE was established by an executive order in January and charged with cutting government spending to help reduce public debt, which reached a record high of $36.2 trillion in January 2025.
While USAID, the Department of Education, and the Department of Veterans Affairs have become early targets, there remains some skepticism over whether DOGE is saving money amid a downward trend in estimates.
IBM and Accenture are among the tech companies concerned over DOGE-inspired cuts to contracts, but not Palantir. After announcing Q1 revenue of $884 million, up 39 percent on the same period last year, Sankar answered analyst questions about DOGE.
. . .