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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsContractsMoversTechTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!