Objective upbeat on FY2014 financial results

Listed ECM software provider Objective Corporation has reported to the Australian Stock Exchange an 18% jump in revenue for the 2014 Financial Year, up to $A48.6m from $A41.0 for the corresponding previous 12 month period.

It has also reported a strong cash position with net profit after tax (NPAT) increased by 46% to $5.7 million and cash on hand of $A15.0 million with no external borrowings.

Most of that growth has occurred in the Asia-Pacific region, up 20% in 2013-2014, while European revenue grew by 15% to $7.6 million (FY13: $6.6 million). 

Tony Walls, CEO, Objective Corporation said: “Given our long term commitment to R&D and execution excellence, our FY2014 results serve as evidence of our ability to deliver a return on investment in our people and the solutions we build for our valued customers”. 

“During the year, the company made progress in all major revenue lines and we fully expect to continue this momentum into the 2015 financial year.” 

Objective has recently been appointed as an accredited supplier to the Western Australian Government under the Information and Communications Technology (ICT) Common Use Agreement (CUA) 14008. The CUA 14008 is a mandatory agreement for all WA public authorities purchasing ICT services. 

Objective qualified for this agreement under the Business Solution Services category, which includes the establishment, implementation, maintenance and support of information and process management solutions.