Friday 30 September 2016

Datalex boosts revenues by 13pc as profits increase to €3.7m

Published 22/03/2016 | 07:24

Datalex CEO, Aidan Brogan
Datalex CEO, Aidan Brogan

Profits at Irish travel software firm Datalex increased to $4.2m last year as revenues at the firm jumped by 13pc.

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The company said its 2015 performance was boosted by both adding new customers and growing its services to its existing customers.

In 2015 Datalex added JetBlue Airways and Beibu Gulf, its third customer from China.

Datalex posted revenue of $46.6m while its operating costs increased by 9pc to $42.6m.

The Irish firm's earnings before interest tax depreciation and amortisation (EBITDA) were up 23pc to $10.4m while basic earnings per share stood at US5.67c.

Datalex chief executive Aidan Brogan said 2015 was "another year of strong performance" for the company.

"We continued to deliver double-digit growth in our revenues, Adjusted EBITDA and cash and short term investments, while undertaking significant investment in key scaling capabilities, including our product and our people," Mr Brogan said.

The company's proposed dividend increased by 33pc to US4c per share.

Datalex reported 19pc growth in its cash reserves and short-term investments, up to $21.8m.

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