Weak dollar and SARS reduces Datalex revenues

Datalex CEO Neil Beck has said that sales growth will not be as high as expected, according to reports.

The weak dollar and the effects of the SARS virus on travel has meant that sales growth at around 20% is not as high as had been expected.

The company had hoped to achieve sales growth of 30% to enable it to become profitable by 2003.

Datelex provides software for the world travel industry but much of its sales are in the US, for example it recently announced a major deal with Vail Resorts.

Therefore, the fall in the dollar has affected its sales revenues.