Published on : Tuesday, August 29, 2017
In the six months to June 30th, the revenues of Datalex rose to $30.3 million, on the back of strong growth in platform revenue, up 9 per cent to $12.8 million.
During the period Datalex, it benefited from new customers of the Swiss International Air Lines, a member of the Lufthansa Group, together with two Chinese carriers that went live during 2016, Air Changan and Tianjin Airlines.
The pre-tax profits are advanced by 21 per cent to $1.6 million, with earnings up by 17 per cent to $5.4 million.
Aidan Brogan, CEO of Datalex said that it was the first half of 2017 was another period of strong performance and investment for Datalex.
The market opportunity continues to increase as more airlines undertake the transformation necessary to prosper in the digital economy.
It continues to see a strong new customer pipeline across global markets.
The priority is to continue to invest in scaling the organisation and new platform capabilities to generate new revenue streams and execute on the market opportunity.
With the launch of Datalex Labs’ in Silicon Valley in the previous year, it has selected fifteen start-ups for evaluation at the facility. It has already integrated one of these into its platform in support of JetBlue Technology Ventures.
Datalex also said that the market opportunity continues to grow, and it continues to endow in the people, product and partnerships to ensure Datalex to be positioned to take advantage of this opportunity. The company is forecasting full year earnings growth of 15-20 per cent.