Datalex shares jump by over 2% on earnings growth

Shares in Dublin-based travel software company Datalex jumped by over 2% yesterday on the back of the firm reporting double-digit revenue and earnings growth for last year and suggesting a number of recent deals strongly position the business for further growth.

Datalex shares jump by over 2% on earnings growth

The company, which provides e-commerce and retail software solutions to many of the world’s leading airlines and travel firms, yesterday reported a 15% increase in platform revenue to $26.4m (€24.3m), an 18% rise in adjusted EBITDA to $12.2m, a 29% jump in post-tax profit to $5.4m and a 27% rise in basic earnings per share to 7.22c.

Datalex — whose share price has already risen by 12% since the start of the year — also grew its cash reserves by 12%, during the year, to $24.3m and proposed a 25% increase in full-year dividend to 5c per share.

Management said that a number of “significant developments” — including deals with China’s Hainan group of airlines; Swiss International Airlines; IBM; Chinese software services group Neusoft and Lufthansa — will underpin growth in the years ahead.

“Our selection by the Lufthansa Group and our new partnership with IBM represent significant validations of both our product and our market strategy, and as a result we are seeing a strengthening of our pipeline of new business opportunities, particularly among larger carriers. Our collaboration with Neusoft will help us scale in the Chinese market,” said chief executive Aidan Brogan.

More in this section

Budget 2022 Logo

What impact will this  year's budget have on you and your business.

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up