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Datalex profits up as revenues grow

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Datalex CEO, Aidan Brogan

Datalex CEO, Aidan Brogan

Datalex CEO, Aidan Brogan

Profits at Irish travel software firm Datalex shot up by almost 70pc last year as total revenue grew to over $40m.

The Dublin-based firm, which provides ecommerce and retail software solutions to global airlines including Virgin Atlantic and Canada's Air Transat, said profit after tax rose from $1.6m to $2.7m for the year to the end of December.

Adjusted earnings before interest, taxes, depreciation, and amortization rose from $7.5m to $8.5m as total revenue increased from just over $38m in 2013 to $41.4m. The company is now proposing an increased dividend of three US cents per share.

Datalex  CEO Aidan Brogan said:  “2014 was a year of continued performance and growth for Datalex. We have not only delivered double digit growth in adjusted EBITDA, but also secured significant new business wins.

“These new wins will drive our growth in the years ahead and further expand our market presence.”

Online Editors