Innodata Stock Jumps After Q1 Earnings Beat: Why the AI Data Trade Is Back in Focus
Innodata reported first-quarter revenue up 54% to $90.1 million and net income of $14.9 million, both above expectations. The company raised its 2026 revenue growth forecast to at least 40% after securing a $51 million contract with a major tech customer. INOD shares surged 29% in after-hours trading. CEO Jack Abuhoff said the new customer could become Innodata’s second-largest this year.