An update from Objective Corporation Limited ( (AU:OCL) ) is now available.
Objective Corporation reported a 6% increase in revenue to $61.3 million for the first half of FY2025, with net profit after tax rising by 4% to $17.0 million. The company saw a 10% increase in annualized recurring revenue, driven by strong growth in its regulatory solutions segment. Despite a decrease in operating cash flow, the company’s cash balance rose by 26%, and it maintained its dividend payments. The company continues to invest in sales and marketing to support its ARR growth target of 15% and expand its market presence.
More about Objective Corporation Limited
Objective Corporation Limited operates in the software industry, providing solutions in content, planning and building, and regulatory sectors. The company focuses on annual recurring revenue growth and invests significantly in research and development to enhance its product offerings and market reach.
YTD Price Performance: 3.65%
Average Trading Volume: 35,537
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.57B
See more insights into OCL stock on TipRanks’ Stock Analysis page.