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Mar 31, 2021
Innodata Q1 2021 Earnings Report
Innodata reported results for the first quarter ended March 31, 2021.
Key Takeaways
Innodata reported exceeding operational KPIs and hiring and cost management goals. The company secured enough new business and has projects in the late-stage pipeline to meet or exceed growth targets this year. Structural costs have been reduced by approximately $6 million on an annual basis, allowing for aggressive deployment of internally generated cash flow in sales and marketing and product enhancement initiatives.
Exceeded operational KPIs and hiring and cost management goals.
Secured enough new business and projects in the late-stage pipeline to meet or exceed growth targets this year.
Reduced structural costs by approximately $6 million on an annual basis.
Incurred costs of approximately $1.9 million toward accelerated growth in Q1.
Forward Guidance
Innodata is focused on ramp-up in newly secured business, late-stage pipeline conversions, expansions in business from new and recently-won customers, and pipeline growth as the expanding salesforce becomes fully productive.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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