Business News

Datalex revenue up 14% in first half of 2014

By Business & Finance
28 August 2014
Aidan Brogan, Datalex
Datalex CEO, Aidan Brogan

Datalex plc today announced interim results for the six months ended June 30th 2014.

Highlights include:

  • Total revenue up 14% to US$20.2m
  • Transaction revenue up 19% to US$9.6m
  • Strong growth in adjusted EBITDA[1] of 23%
  • 24% increase in cash reserves to US$14.3m
  • New customer signings, including JetBlue Airways
  • Beijing office opened

Total revenue for the period grew by 14% to US$20.2m (2013 H1: US$17.7m); transaction revenue at US$9.6m (2013 H1: US$8.0m), represents 19% growth; while service revenue grew by 14% to US$9.1m (2013 H1: US$8.0m) driven primarily by revenue associated with new customer deployments.

The main activity increase in the period was in planned resource costs (payroll and outsource partners), as the company scales to deliver new customer deployments. Also in H1, Datalex signed a number of significant new customers, including: JetBlue Airways, Brussels Airlines and Air Transat, and according to Satalex CEO, Aidan Brogan, “are pursuing a number of new opportunities and expect to announce further customer signings in H2, together with an update on progress made in our five year growth strategy”.

He adds: “We will continue to invest in the business to ensure we are well positioned to take advantage of the significant growth opportunity we see in our market.

“For Datalex, 2014 is a year of investment, performance and growth. We are undertaking a significant program of new customer deployments and are investing in the business infrastructure and capabilities required to scale the business and drive our performance in 2015 and beyond.  The results achieved in the first half provide us with strong momentum and a solid base for the full year performance. The airline industry continues to face significant challenges, however notwithstanding these challenges, we remain confident that we can achieve 18-20% growth.”