Innodata Isogen, Inc (INOD) has reported revenue for the three month fiscal period that ended September 30, 2007. During this quarter, revenue totaled $18,138,000, an increase of 74% from revenue that was reported during the third quarter of 2006 and up 11% from revenues of $16,347,000 that was disclosed during the second quarter of 2007.

The company has also reported net income of $2,115,000, or $0.08 per diluted share, for the third quarter of 2007. This figure represents a 145% increase from net income of $862,000, or $0.03 per diluted share, that was reported in the second quarter of 2007.

Furthermore, the first nine months of 2007, the company has also recognized a 55% increase in revenue. Revenue moved from $30,406,000 to $47,214,000, a significant increase for the company. Innodata also earned $2,334,000, or $0.09 per diluted share, for the first nine months of 2007, compared with a loss of $6,494,000, or $0.27 per diluted share, for the first nine months of 2006.

“As a result of solid execution and strong client demand, we are now anticipating more than 75% year-over-year revenue growth in the second half of 2007,” said Jack Abuhoff, chairman and CEO of Innodata Isogen. “We anticipate that our momentum will continue to produce solid year-over-year results in 2008. That the company was able to drive the $7.7 million revenue increase in the third quarter of this year versus last year, with only a minimal increase in SG&A and a $3.7 million increase in operating expense, shows the leveragability of our business model,” Abuhoff continued. “But more significantly, we have improved revenue quality. Our revenue growth is now dominated by knowledge process outsourcing, which has higher switching costs, greater barriers to entry and is less susceptible to commoditization.”

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