$Innodata(INOD.US)$ NEWS Innodata Awarded New Programs from "Magnificent Seven" Big Tech Customer Valued at Approximately $20 Million in Annualized Run Rate Revenue Innodata Inc. has secured three new large language model (LLM) development programs from a 'Magnificent Seven' Big Tech customer, leading to an estimated $20 million in annualized run rate revenue. The company anticipates further growth potential in 2024, with positive feedback from the customer regarding the quality of services prov...
With earnings season out of the way in the US and Australia the focus for investors has once again moved on to economic data and commodity price action. Last week we saw Eurozone and US markets briefly make new record highs before closing off those highs on the back of a slightly hotter than expected US inflation report and messy US retail sales data that was below expectations. The$道瓊斯指數(.DJI.US)$fell 0.02%, the$標普500指數(.SPX.US)$lost 0.13...
Innodata Inc.$Innodata(INOD.US)$, a global data engineering firm, announced today that it has retracted its proposal to acquire all shares of Appen Limited$Appen Ltd(APX.AU)$. The bid, initially submitted on February 13, 2024, was made public by Appen on March 12 following a trading halt on the Australian Stock Exchange$ASX Ltd(ASX.AU)$and subsequent disclosure request. The non-binding, indicative proposal was intended to remain confidential, a ...
In major news on Australian stocks, shares of Appen Limited$Appen Ltd(APX.AU)$plummeted following the announcement of an update confirming the withdrawal of the takeover offer by the U.S.-based Innodata, Inc.$Innodata(INOD.US)$. Innodata withdrew the offer due to a breach of confidentiality. Appen shares saw a decrease of 17.1% in Thursday’s trading session, while Innodata’s shares surged by over 8% yesterday.
Investors might be paying a high P/S for Innodata due to anticipated revenue growth. The company's robust revenue growth in the past three years, exceeding industry outlook, justifies its high P/S. If the growth trajectory continues, the share price should stay stable.
Insider transactions at Innodata over the past year are not encouraging. Despite insiders owning a significant portion of the company, suggesting alignment with shareholders, the insider selling could indicate potential stock weakness.
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Innodata Awarded New Programs from "Magnificent Seven" Big Tech Customer Valued at Approximately $20 Million in Annualized Run Rate Revenue
Innodata Inc. has secured three new large language model (LLM) development programs from a 'Magnificent Seven' Big Tech customer, leading to an estimated $20 million in annualized run rate revenue.
The company anticipates further growth potential in 2024, with positive feedback from the customer regarding the quality of services prov...
專欄Weekly ASX Report for 11 Mar to 15 Mar 2024
Last week we saw Eurozone and US markets briefly make new record highs before closing off those highs on the back of a slightly hotter than expected US inflation report and messy US retail sales data that was below expectations.
The $道瓊斯指數(.DJI.US)$ fell 0.02%, the $標普500指數(.SPX.US)$ lost 0.13...
Innodata withdraws bid to acquire Appen shares
The non-binding, indicative proposal was intended to remain confidential, a ...
專欄Appen Shares Plummet on Failed Takeover
Innodata withdrew the offer due to a breach of confidentiality. Appen shares saw a decrease of 17.1% in Thursday’s trading session, while Innodata’s shares surged by over 8% yesterday.
The way is up
Caming up guys
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