Financial News

Datalex reports 3% revenue growth

By Business & Finance
26 August 2015
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The company posted revenues of $20.8m between January and June 2015, which is an increase of 3% on 2014.

Datalex provides software for airlines seeking to boost income from non-fare sales. The company’s revenue growth has resulted due to the addition of several airlines (Edelweiss, Brussels Airlines, China’s West Air) to its platform during the six-month period.

The company has continued to invest in new products while also scaling the business and is expected continued strong growth in the market over the next five years.

The company provides its software to travel retailer, including some of the world’s most innovative airline retail brands.

In a statement to the stock exchange, the company noted: “We made a number of strategic investments in key scaling capabilities to drive the future growth in the business.

“We are deploying our commerce platform at some of the world’s leading airlines in the Americas, Europe and China, which will drive our financial performance through the remainder of 2015 and beyond. We are engaging in a significant programme of investment in our product and the capabilities required to scale the business.”

“In parallel, we are establishing a global partner network to increase our product and market reach and help us serve our growing customer base. We remain confident that we will achieve 20-25% growth in adjusted EBITDA for the full year.”

Photo: Vox Efx