Objective Corporation Limited (AU:OCL) has released an update.
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Objective Corporation Limited reported a robust financial performance for FY2024, with a significant increase in key metrics: revenue grew by 6% to $117.5 million, Adjusted EBITDA soared by 66% to $44.3 million, and net profit after tax rose by 49% to $31.3 million. The company achieved an 11% growth in annualised recurring revenue to $104.5 million, reflecting strong subscription-based software sales and a commitment to R&D with a $28.2 million investment. Additionally, they announced a total dividend of 17 cents per share, up by 26% from the previous year.
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