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Stock impact report

Innodata Shares Rise 131% YTD: How Should You Play the Stock? [Yahoo! Finance]

Innodata Inc. (INOD) 
US:NASDAQ Investor Relations: innodata.com/investors
Company Research Source: Yahoo! Finance
INOD shares have also outperformed the Zacks Computer – Services industry and peers, including PDF Solutions PDFS, CSG Systems International CSGS, and Forian FORA. Over the same timeframe, shares of PDFS, CSGS, and FORA have declined 7.4%, 8.4%, and 27.9%, respectively. The industry has appreciated 18.2% YTD. INOD shares' outperformance can be attributed to expanding clientele and increasing customer requirements. In the second quarter of fiscal 2024, Innodata expanded into new Large Language Model (LLM) programs and expansions for a Big Tech Client and was valued at $87.5 million in ARR revenue. Innodata Inc. Price and Consensus Innodata Inc. price-consensus-chart | Innodata Inc. Quote Will Expanding Clientele Expand INOD's Prospects? INOD is benefiting from an expanding clientele. Innodata received two new LLM development programs from one of its existing "Magnificent Seven” Big Tech clients, which is expected to produce $44 million of ARR revenues. INOD has also ex Show less Read more
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