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Sep 30, 2021
Innodata Q3 2021 Earnings Report
Innodata reported 20% year-over-year revenue growth, driven by AI-based solutions and industry platforms.
Key Takeaways
Innodata reported a 20% increase in revenue for Q3 2021 compared to the previous year. The company anticipates further growth acceleration in Q4 and into the next year, driven by new deals, AI solutions, sales force expansion, and key customer relationship expansions.
Achieved 20% revenue growth in Q3 year-over-year.
Growth is expected to accelerate in Q4 and into next year.
New deals and traction with AI solutions and platforms are driving growth.
Expanding sales force and key customer relationships contribute to anticipated growth.
Forward Guidance
Innodata anticipates revenue growth to accelerate in Q4 and into next year.
Positive Outlook
- New deals being signed.
- Traction in the market with existing and new AI solutions and platforms.
- Productivity ramp-up anticipated from expanding sales force.
- Current and anticipated continuing expansion of several key new customer relationships.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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