Travel software firm Datalex has reported a 69% surge in profit after tax for last year, while its total revenues rose 9%.
The company said its after tax profits rose to $2.7m for the year to the end of December from $1.6m in 2013. Total revenues rose to $41.4m from $38.1m.
It also reported a 66% increase in earnings per share to 3.71 cents and a 60% increase in cash generated from operations to $9.6m. Its cash reserves during the year rose to $18.3m.
Datalex chief executive Aidan Brogan said 2014 was a year of continued performance and growth, with significant new business wins.
"These new wins will drive our growth in the years ahead and further expand our market presence," Mr Brogan added.
During the year Datalex secured new contracts with Swiss International Airlines and Edelweiss, both members of the Lufthansa Group, and West Air of China.
It also brought its digital commerce platform live at a number of new clients, including Brussels Airline, Virgin Atlantic, Air Transat and West Air.
To increase its presence in the important market of China, it also opened an office in Beijing in the middle of the year.
Datalex's board has proposed a final dividend of three US cents per share, up 50% on last year.
Shares in the company were 2.9% higher in Dublin trade today.
Looking ahead, the company said the continued momentum in platform revenue will help drive an expected 20-25% growth in adjusted earnings this year and further growth in cash reserves.
"In parallel, the company continues to invest in its people, product and partners, to scale the business to deliver long term sustainable growth," it added.
