Innodata Stock Jumps on AI Revenue Beat: The $51 Million Big Tech Deal Driving INOD Higher
Innodata shares jumped 89% Friday after the company reported record first-quarter revenue of $90.1 million, up 54% year-over-year, and raised its 2026 growth outlook. New Big Tech contracts could add $51 million in revenue this year, with one expected to become Innodata’s second-largest customer in 2026. Adjusted earnings reached 42 cents a share, beating analyst estimates. The company ended March with $117.4 million in cash.