Datalex has posted a profit before tax of $1.9m as it shared its preliminary results for the year ended 31 December, 2005, marking a “significant milestone” in the company’s history.
According to Cormac Whelan, Chief Executive Officer of Datalex: “While there was a revenue decline in 2005 from 2004 (7%), this was due to our migration towards the transaction model which forfeits short term license revenue for potentially longer term earnings”.
“2005 saw the continued validation of our value proposition to the travel distribution market place, both in terms of product and the transactional pricing model. Over the past twelve months, we have made considerable investments in extending our airline product suite and domain expertise. This has led to the award of prestigious transaction based contracts from SAS and Virgin Atlantic Airlines.
In 2006 we will continue our investment in our products, particularly focusing on some of the more travel content aggregating and leisure orientated functionality like car and hotel shopping and dynamic packaging. This will broaden our value proposition across the entire travel industry (airline, hospitality, resort supplier, agency and online intermediary). We have already proven successful in customer acquisition across the value chain with leading resort supplier and operator, Vail Resorts and travel distributor, STA Travel in 2005 and we expect to grow our market presence in 2006”.