Datalex is performing in line with expectations, the Irish travel software firm said this morning in an update to the market.

The company previously asserted that it expects to deliver EBITDA (earnings before interest, tax, depreciation and amortisation) growth in line with that achieved in 2011, and it also expects to "significantly increase" its cash generation and enterprise value. According to Datalex, its performance for the first four months of 2012, "is tracking in line with these expectations".

"Our business has performed strongly in the period, with growth in transaction revenue in the four months to April 2012 of more than 20 per cent, compared to the same period in 2011," the company said.

It expects a number of new customers, including Delta Airlines, Westjet, Malaysian Airlines and Garuda of Indonesia, to go live in the coming months and thus begin generating transaction revenue. It also indicated that its new business pipeline remains strong.

Looking ahead to the rest of the year, the company said it expects to “deliver further strong growth in the business”.