Revenue rises as Datalex cuts losses

Dublin-based international travel software company Datalex cut its losses by over 30% last year, while growing revenue by 4%.

The 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 total revenue of $28m (€21m) for last year; up from a figure of $26.8m for 2010.

Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 42% to $4.3m, before exceptional items totalling $2.5m were taken into account, and the company’s pre-tax losses came in at $1.4m, down on the previous year’s loss of $3.1m.