Palantir Technologies posted a big beat with its fourth-quarter results on Monday afternoon. Shares soared in after-hours trading. Earnings per share were up annually by 75% to 14 cents, compared with Wall Street’s consensus estimate of 11 cents,

Palantir Technologies saw its shares jump as much as 22% in extended trading on Monday after the company reported fourth-quarter earnings.

Palantir bet on software that allows companies to deploy large-language models in a practical sense, and management says that’s paying off big time.