Innodata Inc. (NASDAQ:INOD) is one of the best debt-free IT stocks to buy now.
On May 7, Innodata Inc. (NASDAQ:INOD) posted another record-setting first-quarter results, characterized by robust revenue growth, affirming that its strategic positioning is increasingly translating into scale-driven margin expansion and cash generation
Revenue in the quarter was up 54% year over year to $90.1 million, while Adjusted EBITDA nearly doubled to $25 million, up from $12.7 million for the same period last year. Net income in the quarter totaled $14.9 million, or $0.46 a share, nearly double the $7.8 million, or $0.25 a share, delivered in the same quarter last year. Following the impressive first quarter, Innodata has raised its full-year 2026 revenue growth guidance to about 40% from the previous expected growth of 35%.
The revenue growth would come on the back of engagements with some of the world’s leading big tech companies, expected to generate $51 million in revenue. In addition, Innodata continues to innovate at a rapid pace, having launched the Evaluation and Observability Platform in beta. Innodata Inc. (NASDAQ:INOD) is a global data engineering company that builds, trains, and evaluates artificial intelligence systems.