Pre-tax profits at travel software company Datalex rose by 31% last year to $7.1m as revenues rose 15% to $63.9m.
Datalex provides software to travel firms, including many of the world's leading airlines, which helps them to manage their customers and increase the amount of revenue they generate from each passenger
Last year Datalex struck a deal with Lufthansa to provide a group-wide commerce platform. It said today that the deal is on schedule and the platform is expected to go live in the second half of 2018.
Datalex said its board has recommended a dividend of 5 US cents per share.
The company's chief executive Aidan Brogan said that the company is making significant progress in scaling the business to drive market share and performance in the years ahead.
"We continued to progress new airline platform deployments, including at the Lufthansa Group, which will drive growth in our platform revenue and adjusted EBITDA," Mr Brogan said.
Aidan Brogan said that the digital transformation of the airline industry and broader travel sector continues to grow at a significant pace, presenting more opportunities for the company to expand.
"Our first customer in the loyalty market represents an exciting example of new opportunities across other travel verticals. Datalex is now positioned to execute on an exciting phase of growth, and I am confident that we will do so in 2018 and beyond," the CEO added.
In its results statement, Datalex said that its platform revenues rose by 3% during the year to $27.2m, boosted by the full year impact of the customers it brought live during 2016.
These included Swiss International Air Lines - a member of the Lufthansa Group - and two Chinese carriers - Air Changan and Tianjin Airlines.
The company is projecting double-digit growth in annual platform revenue over the next three years.
Datalex also said its operating costs for 2017 rose by 13% to $56.6m, while it spent more money on capitalised development with expenditure rising to $13.1m from $9.2m in 2016.
2017 also saw the company secure its first major loyalty customer. It noted that the top 100 airline loyalty programmes are estimated to be worth over $160 billion.
Datalex said the loyalty programme software market is undergoing a major expansion and it sees the loyalty sector as a major growth opportunity for the company both this year and beyond.
Shares in the company were lower in Dublin trade today.