Innodata shares jump 9.15% as Accenture beats estimates, guides above consensus

  • Innodata shares rose alongside IT services stocks after Accenture reported strong quarterly results.
  • 9.15%: Innodata shares reached $71.79 at publication, according to Benzinga Pro.
  • Accenture forecast fiscal 2027 revenue of $76.43 billion to $78.65 billion.

Innodata Inc. shares rose alongside the broader IT services and digital transformation sector after Accenture reported stronger-than-expected fourth-quarter results and issued an above-consensus fiscal 2027 outlook. Accenture posted adjusted diluted earnings of $3.29 per share against estimates of $3.18, while revenue increased 6% year over year to $18.70 billion, exceeding the $18.03 billion consensus. Communications, Media & Technology revenue grew 10% to $3.3 billion, and Health & Public Service revenue increased 8% to $3.9 billion. Accenture also reported $22.2 billion in quarterly bookings, a 15.3% operating margin and a record 141 bookings worth at least $100 million each. Innodata, a data engineering and AI-enabling services provider, gained 9.15% to $71.79 at publication, according to Benzinga Pro data.

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Innodata shares jump 9.15% as Accenture beats estimates, guides above consensus - CoinPost Terminal