WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 7 <CIK> 0000903651 <NAME> INNODATA CORPORATION <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 3,535,533 [SECURITIES] 0 [RECEIVABLES] 2,943,422 [ALLOWANCES] 0 [INVENTORY] 0 [CURRENT-ASSETS] 7,410,082 [PP&E] 2,669,892 [DEPRECIATION] 0 <TOTAL-ASSETS> 10,595,508 [CURRENT-LIABILITIES] 2,660,981 [BONDS] 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 15,284 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 10,595,508 [SALES] 0 [TOTAL-REVENUES] 19,593,353 [CGS] 0 [TOTAL-COSTS] 17,675,673 [OTHER-EXPENSES] 0 [LOSS-PROVISION] 0 [INTEREST-EXPENSE] 77,594 <INCOME-PRETAX> 1,917,680 <INCOME-TAX> (332,000) <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,249,680 <EPS-PRIMARY> 1.52 <EPS-DILUTED> 1.49