Friday 23 March 2018

Datalex sees 'positive' signs of improvement in trading conditions

John Mulligan

Irish travel software firm Datalex believes there are "clear, positive signs" of an improvement in trading conditions despite the fallout being caused by volcanic ash in Europe.

In an interim management statement issued yesterday, the company added that its revenue for the first four months of this year was $8.8m (€7.1m), broadly flat on the same period last year but ahead of analyst expectations.

The ash disruption erased $200,000 from the company's transaction values so far this year and it expects the disruption to further dent the performance in the current quarter.

Datalex provides clients such as airlines and travel agents with software that they use to manage their businesses.

It added that the remainder of 2010 would remain challenging, but that a number of travel companies had issued requests for proposals in the first four months of this year.

Total operating costs to date in 2010 at Datalex -- before the impact of product development that was capitalised or amoritised -- were $9.4m, compared to $10.9m in the same period in 2009.

Irish Independent

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