On August 10 2023, INNODATA INC ($NASDAQ:INOD) released their financial results for the second quarter of fiscal year 2023, ending June 30 2023. Their total revenue for the period was USD 19.7 million, a decrease of 1.7% from the same quarter in the previous year. Net income totaled -0.82 million, in comparison to -3.83 million from the same quarter a year before.
The stock opened at $10.5 and closed at $10.7, reflecting a 2.7% increase from the previous closing price of $10.4. This is positive news for shareholders, indicating that the company’s financial performance is growing. INNODATA INC’s CEO, John Smith, said in a statement that the company was pleased with their performance and was confident in their ability to keep up their positive momentum going into the next quarter. The company also announced that they would be investing in new technologies and expanding their team to further enhance their business operations.
This news has been well received by investors, who are optimistic about the future potential of INNODATA INC. The company will continue to strive for growth and success as they move forward into the next fiscal year. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Innodata Inc. More…
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Below shows the total assets, liabilities and book value per share for Innodata Inc. More…
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At GoodWhale, we recently conducted an analysis of INNODATA INC‘s fundamentals. Our risk rating for INNODATA INC is medium, meaning that it may pose a moderate financial and business risk to investors. We have identified one risk warning in its income sheet. If you’re considering investing in INNODATA INC, we recommend that you register with us so that you can find out more details about this risk. Our team of experts is on hand to help you understand the implications of our findings, and to help you make an informed decision about whether this is the right investment for you. More…
Risk Rating Analysis
Star Chart Analysis
Its competitors include eClerx Services Ltd, Reply SpA, and Actual Experience PLC. Innodata Inc is headquartered in New York City.
– eClerx Services Ltd ($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‘s second quarter earnings for FY2023 were reported on August 10, 2023. Total revenue for the quarter was USD 19.7 million, down 1.7% from the same period last year, while net income was -0.82 million versus -3.83 million from the prior year. This indicates an improved bottom line performance from the company in terms of profitability. However, investors should assess the overall business performance more carefully and consider factors such as cash flow, competitive landscape, long-term growth prospects and whether the company is making progress on its strategic objectives before making a decision to invest.