“We are pleased with our progress this quarter. Our year-over-year and sequential increases in revenue and earnings reflect the success we have had this year at increasing the volume and profitability of the new business we booked. Looking ahead, we expect continued improvement in financial performance, with 2011 third quarter revenues approximating $17.5 million or more,” said Jack Abuhoff, Chairman and CEO of Innodata. “From a strategic perspective, we see the IADS segment as a vehicle for leveraging some of Innodata’s core strengths in digitization, XML services, legal and medical analysis, and content technologies for the benefit of new markets and customers that we have not traditionally served. We believe that the IADS segment will be an important contributor to our three-year growth plan.”
Innodata announced on July 12 that the U.S. Commodity Futures Trading Commission (CFTC) had selected Innodata’s new docGenix division to be a member of its recently formed Technology Advisory Subcommittee on Data Standardization. The CFTC has stated that the purpose of the Subcommittee is to develop recommendations regarding a standardized reference data depository representing the universe of legal and financial terms utilized in describing, defining, and valuing the various derivatives and other financial instruments which are presently traded, and in the future may be traded, on and off regulated exchanges.
Timing of Conference Call with Q&A
Innodata Isogen will conduct an earnings conference call, including a question and answer period, at 11AM EDT today. You can participate in this call by dialing the following call-in numbers:The call-in numbers for the conference call are: 1-800-768-6570 (Domestic)1-785-830-1942 (International) 1-888-203-1112 (Domestic Replay)1-719-457-0820 (International Replay) Pass code on replay only: 5406898 Investors are also invited to access a live Webcast of the conference call at the Investor Relations section of www.innodata-isogen.com. Please note that the Webcast feature will be in listen-only mode. Call-in or Webcast replay will be available for 30 days following the conference call.