Sunday 17 December 2017

Datalex deliver earnings growth of between 25pc and 30pc for the year

John Mulligan

John Mulligan

Dublin-based travel software firm Datalex said it has made “good progress” so far in 2013 and remains on target to deliver earnings growth of between 25pc and 30pc for the year.

In a quarterly trading update issued this morning, the company said that during the four months to the end of October, its performance had been in line with previously provided guidance.

Its transaction revenue rose 15pc in the period, driven by new customers going live with its system and existing customers boosting their revenues.

Datalex, headed by CEO Aidan Brogan, provides software that helps airlines and travel agents to increase ancillary revenues via their booking systems. Its customers include carriers around the world, such as Aer Lingus, Virgin Australia, Air China, Delta and United.

It said that it has also been selected as the preferred supplier to another US carrier. Details of the client are expected to be revealed by the end of the year. Datalex has also been selected as the preferred supplier to a South American airline. That would be its first client in the region.

The company said it remains on target to deliver adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) growth of between 25pc and 30pc this year.

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