Travel software firm swings back into profit

DATALEX, which develops software for the travel industry, has swung back into profit in the first half of this year.

The company made pre-tax profits of about $1 million (€805,000), reversing a loss of $412,000 (€334,000) in the six months to end June 2004.

Although revenues were down 7% at $14.3m (€11.6m), the company saw tight cost control of operating and administration expenses.

Chief executive Cormac Whelan said the company had made much progress in the past year.

“We have spent considerable time and energy positioning and validating our vision for the travel distribution sector worldwide and delivering a flexible, commercial model to our customers. We have some tangible evidence of this validation based on recent customer success.”

E-business revenues were steady at $11.5m (€9.3m), while the company’s cash balances remained healthy at $32.7m (€26.5m).