Innodata Announces New CFO and Reaffirms Revenue Guidance
Innodata Inc (NASDAQ:INOD) saw its shares rise 1.8% in after‑hours trading on Wednesday following the disclosure that Jayant Chauhan will assume the role of Executive Vice President and Chief Financial Officer, effective July 6, 2026. Chauhan brings more than two decades of finance experience, most recently serving as Senior Vice President, M&A at Mphasis—a Blackstone‑owned global IT services firm—and previously holding senior finance positions at OYO, the SoftBank‑backed hospitality platform.
The company also reaffirmed its full‑year 2026 revenue growth outlook, targeting approximately 40% or more year‑over‑year growth. This guidance, initially provided on May 7, 2026, represents an upgrade from the earlier outlook of roughly 35% or more growth that was linked to the fourth‑quarter and full‑year 2025 results.
Interim CFO Marissa Espineli will transition to a newly created Chief Accounting Officer position, where she will lead global financial reporting, compliance, and finance operations, reporting directly to the incoming CFO.
Chief Executive Officer Jack Abuhoff highlighted that the most recent quarter’s revenue surpassed the total annual revenue recorded three years prior, underscoring the company’s accelerating growth trajectory within the generative AI sector.
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