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Datalex Plans 100 Hires In East Point

/ 2nd June 2016 /
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Datalex plc, a provider of digital commerce and retail solutions to the travel industry, is to create 200 jobs across its global divisions over the next 18 months.

The recruitment drive includes 100 new roles at its newly renovated offices in East Point Business Park, Dublin, with the remaining positions to be created in Beijing, Atlanta and Manchester.

Datalex CEO Aidan Brogan said: “In response to the significant global demand for our digital commerce platform, we are looking for the very best talent to deliver the next evolution of digital travel commerce. We are actively recruiting globally and throughout Ireland for highly skilled senior software developers, architects, analysts, project managers and many other roles.”

The new Irish jobs will be part funded by taxpayers through payments from Enterprise Ireland. Jobs minister Mary Mitchell O’Connor commented:  “Datalex is a tremendous Irish success story with many of the world's major airlines using the software platform. The government through Enterprise Ireland looks forward to continued engagement with Datalex to support their business development.”

Julie Sinnamon, CEO of Enterprise Ireland, said the agency has worked closely with Datalex to support its continued growth in international markets. “Datalex is a role model for ambitious, highly innovative Irish companies to follow,” she added.

In Association with

Scaling In China

In a recent update, the company said it is scaling its presence in the Chinese market, with the appointment of a number of new management resources at the Beijing office. “In addition, we are in the process of scaling our delivery capacity and localisation capability through a partnership with a leading Chinese IT services provider, details of which will be announced in the coming months,” said Brogan.

Datalex will complete delivery of its Digital Commerce Platform to Swiss International Air Lines later this year. According to the company, Swiss International will leverage innovative new pricing and merchandising features in the platform.

Brogan added: “Our new business pipeline continues to strengthen across a number of regions, and we anticipate a number of new signings in the coming months. We continue to see major airlines around the world embark on digital transformation programmes, prompted by the recognition that digital commerce systems are now the primary means of customer engagement.

“We recently announced an agreement with IBM to collaborate on the development and delivery of joint travel retail solutions. We also continue to deliver on digital innovation, with the launch of new dynamic pricing and payment features and the advancement of our API Delivery Platform which allows airlines to deliver seamless digital experiences for their customers across all channels and devices."

Analyst Comment

Darren McKinley, analyst at Merrion Capital, commented: “Datalex trades on 37x 2017 forecast net income, 19.4x EV/EBITDA and offers investors a 1% maiden dividend yield this year. Shares are up 14% year to date, post a record year in 2015 with the stock doubling in value last year.

“The company has delivered significant growth in revenue and earnings over the last four to five years and this announcement would set Datalex up for continued strong growth in the coming years. Datalex has a high cash flow business reporting free cash flow every year since 2008 despite investing for growth.

“Datalex’s share price hit a new high in May after a break out of a key technical resistance level at €3.25. Despite the high valuations, we recommend investors should ‘Buy’ Datalex with a ‘stop loss’ at the recent break out which would be c.10% downside from here. Datalex recently reaffirmed guidance of 20-25% EBITDA growth for 2016 and provided that Datalex can continue to deliver 20%+ growth, the stock will likely continue to deliver solid returns.”

 

 

 

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