Datalex expects 2011 net growth

MANAGEMENT at Irish travel software company, Datalex is predicting net growth this year after the company managed to significantly narrow its pre-tax losses last year.

The Dublin-headquartered company — which provides software solutions to a number of companies in different areas of the travel industry, including airlines such as Aer Lingus, South African Airways, Continental Airlines and United Airlines — yesterday reported a pre-tax loss of $2.1 million (€1.5m) for 2010; down by 52% on the $4.5m loss generated in 2009.

EBITDA (earnings before interest, tax, depreciation and amortisation) for the year went from $100,000 to $3.1m, while total revenue dipped by 1% to $26.8m.