PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Innodata Isogen, Inc.

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Innodata Reports Third Quarter 2012 Results - Innodata, Inc. reported results for the third quarter and the nine months ended September 30, 2012 -
Innodata Reports Third Quarter 2012 Results


NewswireToday - /newswire/ - New York, NY, United States, 2012/10/23 - Innodata, Inc. reported results for the third quarter and the nine months ended September 30, 2012 - NASDAQ: INOD

Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Total revenue was $19.7 million for the third quarter of 2012, a 13% sequential decline from second quarter 2012 revenues of $22.8 million, and a 2% increase from $19.2 million in the third quarter of 2011. Net earnings for the third quarter of 2012 were $1.3 million, or $0.05 per diluted share, compared with net earnings of $2.1 million, or $0.08 per diluted share, in the second quarter of 2012. Net earnings for the third quarter of 2011 were $1.4 million, or $0.06 per diluted share.

For the first nine months of 2012, revenues were $67.6 million, up 35% from $50.2 million in the first nine months of 2011. Net earnings were $6.8 million, or $0.26 per diluted share, during the first nine months of 2012, compared with net earnings of $2.2 million, or $0.09 per diluted share, for the same period in 2011.

Cash, cash equivalents and investments increased to $25.0 million at September 30, 2012 from $23.0 million at June 30, 2012. As of September 30, 2012, the Company had no debt, and stockholders' equity was $50.7 million.

Capital expenditures in the third quarter were approximately $1.2 million, incurred primarily to complete the expansion of new delivery centers in Asia and to fund continued investment in the Company's Innodata Advanced Data Solution (IADS) segment.

"Our revenues at $19.7 million were on the high end of our guidance, as we partially offset a decline in e-book revenues from a key client with an increase in revenues from other clients in our Content Services segment," said Jack Abuhoff, the Company's Chairman and CEO. "On the operating front, we restructured some of our operations in the current quarter to achieve higher efficiencies, which we expect will reduce our cost structure by $2.5 million on an annual basis. Accomplishing this reduction cost us approximately $0.2 million in the third quarter.

"With our new delivery centers in Asia operational, and our rigorous enterprise-wide ISO 27001 security certifications in place, we are prepared to service the important companies that are active prospects of our IADS insurance and healthcare component. We expect to sign agreements with some of these companies over the next several quarters."

Abuhoff concluded,"We anticipate that revenue for the fourth quarter will be in the range of $18 to $19.5 million, and that total revenues for 2012 will be greater than our $73.9 million of total revenue for 2011."

Timing of Conference Call with Q&A
Innodata will conduct an earnings conference call, including a question-and-answer period, at 11:00 AM eastern time today. You can participate in this call by dialing the following call-in numbers:

The call-in numbers for the conference call are:

1-800-768-6569 (Domestic)
1-785-830-7992 (International)

1-888-203-1112 (Domestic Replay)
1-719-457-0820 (International Replay)

Pass code on both: 7468448

Investors are also invited to access a live Webcast of the conference call at the Investor Relations section of 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.

Innodata, Inc. (NASDAQ: INOD) is a leading provider of business process, technology and consulting services, as well as products and solutions, that help our valued clients create, manage, use and distribute digital information. Propelled by a culture of quality, service and innovation, we have developed a client base that includes many of the world's preeminent media, publishing and information services companies, as well as leading enterprises in information-intensive industries such as aerospace, defense, financial services, government, healthcare, high technology, insurance, intelligence, manufacturing and law.

Recent honors include EContent Magazine's EContent 100, KMWorld Magazine's 100 Companies That Matter in Knowledge Management, the International Association of Outsourcing Professionals' (IAOP) Global Outsourcing Top 100, D&B India's Leading ITeS and BPO Companies and the Black Book of Outsourcing's Top List ofLeading Outsourcing Providers to the Printing and Publishing Business.

Headquartered in the New York metro area, Innodata ( has offices and operations in the United States, the United Kingdom, Israel, India, Sri Lanka, and the Philippines.

Safe Harbor Statement
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "project," "head start," "believe," "expect," "should," "anticipate," "indicate," "point to," "forecast," "likely","optimistic"and other similar expressions generally identify forward-looking statements, which speak only as of their dates.

These forward-looking statements are based largely on our current expectations, and are subject to a number of risks and uncertainties, including without limitation, that our Innodata Advanced Data Solutions segment is subject to the risks and uncertainties of early-stage companies; the primarily at-will nature of the Company's contracts with its Content Services segment customers and the ability of the customers to reduce, delay or cancel projects; continuing Content Services segment revenue concentration in a limited number of customers; continuing Content Services segment reliance on project-based work; inability to replace projects that are completed, cancelled or reduced; depressed market conditions; changes in external market factors; the ability and willingness of our customers and prospective customers to execute business plans which give rise to requirements for digital content and professional services in knowledge processing; difficulty in integrating and deriving synergies from acquisitions, joint ventures and strategic investments; potential undiscovered liabilities of companies that we acquire; changes in our business or growth strategy; the emergence of new or growing competitors; various other competitive and technological factors; and other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission. Actual results may differ significantly.

Actual results could differ materially from the results referred to in the forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the results referred to in the forward-looking statements contained in this release will occur.

Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: Innodata Isogen, Inc.


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick Newswire Today Visibility Checker


Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

# # #
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!

Innodata Reports Third Quarter 2012 Results

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Innodata, Inc. |
Publisher Contact: Raj Jain - 
201-371-8024 rjain[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Innodata Isogen, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From Innodata Isogen, Inc. / Company Profile

Read Financial/Legal/Venture Most Recent Related Newswires:

Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations
Western Union Business Solutions Announce Mark Davis As Head of Australia and New Zealand
Tabarak Investment Capital and Elite Capital & Co. Limited in Discussion to Finance Projects
Consulting Magazine Unveils the Profession’s Fastest Growing Firms At Inaugural Gala
Hills Invest Signs An Agreement with The Afore Profuturo in Mexico
TRA Searches for TPA Acquisition Opportunities
The Recorder Expands Daily Digital News Platform
Profitas, LLC Opens New Location in the San Francisco Bay Area
European Telecoms Market is Stable and Beating Expectations Says Wismuller Gunter Analyst
LexisNexis Announces its Intention to Acquire Intelligize Expanding its Securities and M&A Offering and Continuing to Invest in Analytical Tools
GE Completes Sale of U.S. Restaurant Finance Assets
NYC’s Largest Independent Bookkeeping Firm Hosts Accounting Technology Conference
Lazard Expands Financial Advisory in North America with Acquisition of Canada-based Verus Partners
Miami-Based Advisory Firm Focus Investment Advisors Featured in Business in Focus Magazine
Lexis Securities Mosaic Expands Content to Include UK Filings

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business


Visit  NAKIVO, Inc.


  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (