Zacks Initiates Coverage of Innodata With Outperform Recommendation [Yahoo! Finance]
Innodata Inc. (INOD)
US:NASDAQ Investor Relations:
innodata.com/investors
Company Research
Source: Yahoo! Finance
This bullish stance reflects the company's strong position and promising growth prospects in the booming generative AI market. With a remarkable 41% jump in first-quarter 2024 revenues and a series of substantial contracts with leading tech giants, Innodata is poised to capitalize on the rapid advancements in AI technology. The generative AI sector, wherein Innodata is making significant strides, is anticipated to grow, seeing an 18% compound annual growth rate through 2034. This market growth is driving a transformation across industries. Innodata's comprehensive suite of AI solutions positions it at the forefront of this transformation. In the first quarter of 2024, the company not only saw its revenues increase to $26.5 million from $18.8 million in the prior-year period but also improved its net income, reflecting strong operational efficiency and market positioning. INOD's recent financial performances highlight its robust financial health, with a notable increase in cash r
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INOD
News
- Innodata Awarded New Programs from “Magnificent Seven” Big Tech Customer Valued at Approximately $44 Million in Annualized Run Rate Revenue [Yahoo! Finance]Yahoo! Finance
- Innodata Awarded New Programs from “Magnificent Seven” Big Tech Customer Valued at Approximately $44 Million in Annualized Run Rate RevenueAccesswire
- Are Microcaps Setting Up to Outperform? [Yahoo! Finance]Yahoo! Finance
- Innodata Inc. (NASDAQ: INOD) is now covered by analysts at BWS Financial. They set a "buy" rating and a $24.00 price target on the stock.MarketBeat
- Innodata First Quarter 2024 Earnings: EPS: US$0.034 (vs US$0.077 loss in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
INOD
Sec Filings
- 6/6/24 - Form 4
- 6/6/24 - Form 8-K
- 6/6/24 - Form 4
- INOD's page on the SEC website