By Christopher Kuo

Innodata shares soared after the company raised its guidance as it reported higher first-quarter profit and revenue.

Shares of the data engineering company climbed 30%, to $59.78, in after-hours trading. The stock was down nearly 14% year to date ahead of Thursday's market close.

The company posted a first-quarter profit of $14.9 million, or 42 cents a share, compared with a profit of $7.8 million, or 22 cents a share, a year earlier. Analysts polled by FactSet expected earnings of 8 cents a share.

Revenue rose to $90.1 million from $58.3 million a year earlier. Analysts expected revenue of $76.5 million.

Innodata raised its full-year guidance for revenue growth of 40% year over year compared with its previous guidance of 35% growth year over year.

The company is expanding its contracts with what Chief Executive Jack Abuhoff described as one of the world's leading big tech companies. The company expects this business to generate about $51 million in revenue this year.

Twelve months ago, our revenue from this customer was zero," said Abuhoff said.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

May 07, 2026 17:56 ET (21:56 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.