Innodata targets $30 million quarter, CEO says

INNODATA INC. (NASDAQ:INOD), in a recent interview with The Technology Letter, revealed through its CEO, Jack Abuhoff, that the company has set an internal goal of achieving quarterly revenue of 30 million dollars this year. Although this goal is not guaranteed, the CEO says it remains fully achievable. The interview, conducted by Tiernan Ray, editor of The Technology Letter, took place on February 24.

Innodata is a global data engineering company that uses artificial intelligence to offer software platforms and managed services to various prestigious enterprises. Its commitment to data quality and customer service, which forms the essence of its 30-plus year legacy, remains at the heart of its operations.

The forward-looking statements included in the announcement take into account various risk factors and uncertainties that may influence Innodata's future results. These factors include, but are not limited to, challenges in executing clients' business plans and the potential for changes in market outlook. The company cautions against overconfidence in these forecasts.