INNODATA INC

Innodata Inc. announced the appointment of Jayant Chauhan as its new Executive Vice President and Chief Financial Officer, effective July 6, 2026. Mr. Chauhan brings over 25 years of finance and operational experience, including senior roles at Mphasis and OYO. Current Interim CFO, Marissa Espineli, will transition to the role of Chief Accounting Officer. Additionally, the company reaffirmed its full-year 2026 revenue growth guidance, expecting an increase of approximately 40% or more year-over-year.

Innodata Inc. reported strong financial results for the first quarter ended March 31, 2026, with revenues increasing significantly by 54.4% to $90.1 million and net income attributable to the company surging by 91.3% to $14.9 million. Basic earnings per share also saw substantial growth, rising 84% to $0.46. The company demonstrated robust cash generation, with net cash provided by operating activities more than tripling to $37.3 million, and its cash and cash equivalents balance increased to $117.4 million.

Innodata Inc. reported record first-quarter 2026 financial results, with revenue increasing 54% year-over-year to $90.1 million and Adjusted EBITDA growing 96% to $25.0 million. Net income reached $14.9 million, or $0.42 per diluted share. The company raised its full-year 2026 revenue growth guidance to approximately 40% or more and announced new engagements with a major Big Tech company, expected to generate about $51 million in 2026 revenue. Innodata also highlighted customer diversification and the launch of its Evaluation and Observability Platform, securing a $1 million engagement.