Monday 26 September 2016

Irish travel software firm Datalex expects earnings to jump by 20pc

Paul O'Donoghue

Published 18/11/2015 | 07:46

Datalex provides ecommerce and retail software solutions to many of the world’s top airline retailers.
Datalex provides ecommerce and retail software solutions to many of the world’s top airline retailers.

Dublin-based travel software firm Datalex has said it remains on course to meet its guidance of a 20-25pc increase in deductions for the 2015 financial year.

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Datalex software is used by airlines all over the world in order to maximise their revenue generating potential via ancillary products, for instance.

It's used by clients including Delta, Aer Lingus, Air China, JetBlue and Virgin Atlantic.

During the four months to the end of October the company said platform revenue grew by 15pc compared to the same period in 2014.

It added: "We remain on course to meet our FY 2015 guidance of 20-25pc growth in adjusted EBITDA (earnings before interest, taxes, and amortization)".

"We remain confident...that we will sustain this double digit growth trajectory into the future".

The company said it won a number of new contracts and renewed its contract with Philippine Airlines for a further term from the start of January.

The firm said it is "confident" of further signings in the Chinese market as its local presence expands "and our business pipeline in

the region gathers momentum".

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