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Stock impact report

Innodata's Q3 Earnings & Revenues Top, Gross Margin Flat Y/Y [Yahoo! Finance]

Innodata Inc. (INOD) 
US:NASDAQ Investor Relations: innodata.com/investors
Company Research Source: Yahoo! Finance
Year over year, the top line grew while the bottom line tumbled. The quarterly performance reflects higher demand volumes for its service offerings. The growth was primarily attributable to increased contributions from the DDS and Agility segments, which were somewhat offset by the weak performance of the Synodex segment. On the other hand, elevated selling and administrative expenses alongside high direct operating costs pulled back the bottom line's growth during the third quarter. Nonetheless, deal expansion with its largest customer, accompanied by new award wins from big tech companies, is expected to result in revenue scale in the upcoming period. INOD's Q3 Highlights The company reported an adjusted EPS of 24 cents, surpassing the Zacks Consensus Estimate of 14 cents by 71.4%. In the year-ago quarter, it reported an adjusted EPS of 51 cents. Revenues of $62.6 million also topped the consensus mark of $60 million by 4.6% and grew 19.8% year over year. Innodata Inc. Show less Read more
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