Profit, revenue rises at travel software firm Datalex

Dublin-based travel software firm Datalex said revenue and profits rose in 2015 as the firm added new customers.

Total revenue rose 13 per cent to $46.6 million during the year, with platform revenue up 17 per cent to $22.8 million. Professional services revenue - a recurring revenue stream for the firm - rose 13 per cent compared to a year earlier, reaching $20.5 million.

The firm also recorded a 9 per cent increase in costs, fuelled by a rise in payroll and contractor charges.

Profit after tax was $4.2 million, a 55 per cent increase.

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

The company signed up a number of new customers during the year, including JetBlue Airways and Beibu Gulf Air.

Adjusted earnings before interest, tax, depreciation and amortisation was $10.4 million, 23 per cent higher than in 2014.

“We see an ever-increasing market opportunity for Datalex, as growing numbers of large airlines acknowledge that the digital commerce system is now the primary channel for customer engagement,” the company said. “As a result we expect to maintain this Adjusted EBITDA growth trajectory over the medium term.”

The board recommended a 33 per cent increase in dividends to 4 cent per share.

Founded in 1985, Datalex is headquartered in Dublin and has offices across Europe and the US. Its shares trade on the Dublin market. Among its customers are Aer Lingus, Air China, Delta, Swiss International, Virgin Atlantic and WestJet.