Innodata Scoops Multi-Year Contract With Multinational Bank

  • Innodata Inc INOD won a five-year contract with a global bank to provide AI-enhanced data feeds and a data analytics platform. 
  • The company expects approximately $11 million in subscription revenue over the five-year term.
  • Innodata sees $2 million annually in subscription revenue during the initial two years and $2.4 million per year in subscription revenue after that.
  • Price Action: INOD shares traded higher by 3.10% at $8.31 on the last check Thursday.
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