Innodata reports 54% YoY revenue growth, 40% full-year forecast boost

Innodata reported 54% year-over-year revenue growth in Q1 and raised its full-year revenue target to 40% or more from a prior 35% projection. Net income nearly doubled. The company secured $51 million in new engagements with a major tech firm. Market cap reached $3.4 billion. Share price surged 162% in the past month.