Innodata Inc. (NASDAQ:INOD) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET

Company Participants

Amy Agress - Investor Relations
Jack Abuhoff - Chief Executive Officer
Marissa Espineli - Interim Chief Financial Officer
Aneesh Pendharkar - Senior Vice President, Finance and Corporate Development

Conference Call Participants

Allen Klee - Maxim Group
Tim Clarkson - Van Clemens

Operator

Greetings. Welcome to Innodata to report Second Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] I will now turn the conference over to your host, Amy Agress. You may begin.

Amy Agress

Thank you, Mike. Good afternoon, everyone. Thank you for joining us today. Our speakers today are Jack Abuhoff, CEO of Innodata; and Marissa Espineli, Interim CFO. Also, on the call today is Aneesh Pendharkar, Senior Vice President, Finance and Corporate Development. We’ll hear from Jack first, who will provide perspective about the business, and then Marissa will follow with a review of our results for the second quarter. We’ll then take your questions.

Before we get started, I’d like to remind everyone that during this call, we will be making forward-looking statements, which are predictions, projections or other statements about future events. These statements are based on current expectations, assumptions and estimates, and are subject to risks and uncertainties. Actual results could differ materially from those contemplated by these forward-looking statements. Factors that could cause these results to differ materially are set forth in today’s earnings press release in the Risk Factors section of our Form 10-K, Forms 10-Q and other reports and filings with the Securities and Exchange Commission. We undertake no obligation to update forward-looking information. In addition, during this call, we may discuss certain non-GAAP financial measures in our SEC filings, which are posted on our website you will find additional disclosures regarding these non-GAAP financial measures, including reconciliations of these measures with comparable GAAP measures.

Thank you. I’ll now turn the call over to Jack.

Jack Abuhoff

Thank you, Amy. Good afternoon. It’s great to be with you here today. We have several exciting updates to share on the financial and operational fronts. Innodata delivered another outstanding quarter, highlighted by the record revenue growth of 66% year-over-year. During the quarter, we significantly expanded our partnership with a Big Tech customer while also gaining traction with others. We take great pride in the foundation we have built to establish Innodata as a leading partner of choice to deliver reliable, complex generative AI training data.