Datalex, the Irish travel software group, today reported pre-tax losses of $800,000 for the first half 2008, down slightly from the loss in the same period in 2007.
Total revenue rose slightly to $16.2m, boosted by a 35% increase in transaction revenue from its Travel Distribution Platform products.
“The results for H1, achieved within the context of difficult global economic conditions, clearly demonstrate the strength and robustness of the Datalex transaction pricing model, and the strategic advantage the Travel Distribution Platform product suite (TDP) is delivering to our customers”, said CEO Cormac Whelan. “The ongoing fuel price volatility and economic uncertainty have had a severe impact on the global travel industry, but TDP is helping our customers mitigate this risk by providing them the opportunity to reduce distribution costs and enhance their competitive positioning in the market. Ultimately, the power of the product and its deployment through the transaction model has allowed Datalex to grow its revenue and expand its customer base in the most challenging of industry conditions”.
Results detail
