On July 6, Innodata rose 8.07% in regular trading, trading at approximately $74.22/share, with turnover of $37.90 million. The rally was driven by the official commencement of newly appointed Executive Vice President and CFO Jayant Chauhan, effective July 6, combined with continued strong fundamental momentum.

Chauhan, formerly Senior Vice President of M&A at Blackstone-owned Mphasis, succeeds interim CFO Marissa Espineli, who transitions to Chief Accounting Officer. His appointment signals enhanced financial leadership as the company scales its AI data engineering operations.

The stock continues to benefit from explosive Q1 results reported in May, where revenue reached $90.1 million, up 54% year-over-year and well above the $76.5 million consensus estimate. EPS of $0.42 beat expectations of $0.17 by 147%. The company also raised full-year revenue growth guidance to 40% or more. Wedbush subsequently lifted its price target to $120 from $100 in early June, maintaining an Outperform rating, citing accelerating momentum across frontier AI lab customers and new Big Tech engagements.

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