Menu
Profits soar for Objective

Profits soar for Objective

Solutions provider reports 156 per cent increase

Objective Corporation released its half-year financial report that shows an increase in after tax profits of 156 per cent on the same period last year.

The content, collaboration and process management solutions provider reported a net profit after tax of $2.1 million in the half-year to December 31, 2013. This figure was a dramatic increase from $800,000 in the previous corresponding period.

Objective’s client base exists mainly but not exclusively within the public sector. It has clients at the federal, state and local government level in Australia and New Zealand. Its clients include the Australian Department of Defence, the ACT Planning and Land Authority, and Auckland Regional Council.

Objective Corporation CEO, Tony Walls, attributed the increase to significant demand for the company’s portfolio of solutions in all levels of government, and from port authorities.

“Increasingly, Objective is being recognised for its achievements in the marketplace and we are seeing sustained demand from customers who are replacing competitor systems with Objective’s next generation solutions.”

Walls described Objective as “the solution of choice for the Australian ports market”, and pointed to the recent agreement with the Geraldton Port Authority as evidence of this. Objective also lists the Newcastle Port Corporation and the port of Brisbane as some of its major clients.

The company reported an increase in revenue of 14 per cent from the first half of 2013, to 21.7 million up from $19 million. This includes increases in Asia-Pacific of 14 percent and 20 per cent in Europe.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags solutions providerTony Wallsfinancial resultsgovernmentpublic sectorObjective Corporation

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments