Innodata’s AI data services are booming, but PAR Technology’s entrenched hospitality SaaS base offers stability. We compare growth, customer concentration, and recurring revenue potential for cloud investors.
Innodata, a data and AI services firm, has appointed Jayant Chauhan as CFO, leveraging his M&A and financial planning background from Blackstone’s Mphasis and SoftBank’s OYO. The company revealed that its quarterly revenue now exceeds the entire annual revenue from just three years ago, signaling hypergrowth in the AI data value chain. This move positions Innodata for potential acquisitions and expanded capital market activities.