Irish travel software firm Datalex has raised its profit guidance for 2020.
As reported by The Irish Independent, Datalex currently expects to generate earnings before interest, tax, depreciation and amortisation (EBITDA) of between $3.75 million and $4.5 million this year.
Datalex previously forecast EBITDA of between $750,000 and $1.5 million for this year.
Get a FREE Digital Subscription!Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
A number of international airlines use Datalex's software to boost revenue from passengers. The firm's customers include Aer Lingus, Air China and JetBlue.
"Focussed And Proactive Response To The Challenges Of COVID"
The Irish Independent quotes Datalex chief executive Sean Corkery as saying, "Although the company continues to face significant challenges into 2021, our focussed and proactive response to the challenges of COVID has increased expected earnings performance in 2020 and contributed to this revised guidance.
"Simultaneously, we have developed and driven our product-led, cloud-enabled SaaS strategy and capability, positioning us well to capitalise on future industry trends and growth opportunities."
Additionally, Datalex stated that it believes that it is well-positioned to benefit from "the emerging recovery".
© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.