INNODATA INC ($NASDAQ:INOD) revealed their earnings results for the second quarter of FY2023 on June 30, 2023, with total revenue of USD 19.7 million, a 1.7% decrease from the same period in the previous year. Net income dropped to USD -0.82 million, compared to the prior year’s -3.83 million.
INNODATA INC reported their second quarter financial results for fiscal year 2023 on Thursday, June 30. The stock opened at $10.5 and closed at $10.7, representing a 2.7 percent increase from the previous closing price of 10.4. This marks a successful quarter for the company, as they continue to show strong financial results.
This further demonstrates the success of the company’s operations for the period, and investors are encouraged by this result. Investors are confident in the company’s future prospects due to their strong financial performance over the quarter. Live Quote…
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Analysis – Innodata Inc Intrinsic Value Calculator
At GoodWhale, we have been analyzing INNODATA INC‘s financials and have come to the conclusion that the fair value of INNODATA INC’s share is around $6.5. This has been calculated using our proprietary Valuation Line. More…
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Its competitors include eClerx Services Ltd, Reply SpA, and Actual Experience PLC. Innodata Inc is headquartered in New York City.
– eClerx Services Ltd ($BSE:532927)
eClerx Services Ltd is a global provider of business process outsourcing and knowledge process outsourcing services. The company has a market cap of 70.99B as of 2022 and a return on equity of 23.75%. eClerx provides a range of services including data processing, web research, customer support, finance and accounting, and human resources. The company has a strong presence in India, the United States, and the United Kingdom.
Telecom Italia SpA is an Italian telecommunications company that provides telephone and Internet services in Italy. The company has a market capitalization of 4.67 billion as of 2022 and a return on equity of 17.01%. Telecom Italia is the largest telecommunications company in Italy and one of the largest in Europe. The company offers a wide range of products and services, including fixed and mobile telephony, broadband and pay-TV.
– Actual Experience PLC ($LSE:ACT)
Actual Experience PLC is a provider of digital experience management solutions. The company’s solutions are designed to help organizations improve the quality of digital experiences for their customers and employees. Actual Experience PLC’s solutions are used by some of the world’s leading brands, including Microsoft, Adobe, Facebook, and Google. The company is headquartered in London, England.
Innodata Inc. reported its second quarter earnings for the fiscal year 2023, revealing a 1.7% decrease in total revenue to $19.7 million compared to the same period last year. Net income for the quarter reached a negative $0.82 million, a decrease from the prior year’s negative $3.83 million. For investors, this presents a potential opportunity to buy low while Innodata Inc. takes the necessary steps to improve their financial performance. Analysts are encouraged to conduct further research and monitor the company’s future developments in order to make an informed investment decision.