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.

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.