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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags governmentfinancial resultspublic sectorObjective CorporationTony Wallssolutions provider

Featured

Slideshows

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomed 2018 inductees - Chris Simpson, Kendra Ross and Phill Patton - to the third running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing landscape of the technology industry in New Zealand, while outlining ways to attract a new breed of players to the ecosystem. Photos by Gino Demeer.

Reseller News welcomes industry figures for 2019 Hall of Fame lunch
Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

The channel came together for the inaugural Reseller News Emerging Leaders Forum in New Zealand, created to provide a program that identifies, educates and showcases the upcoming talent of the ICT industry. Hosted as a half day event, attendees heard from industry champions as keynoters and panelists talked about future opportunities and leadership paths and joined mentoring sessions with members of the ICT industry Hall of Fame. The forum concluded with 30 Under 30 Tech Awards across areas of Sales, Entrepreneur, Marketing, Management, Technical and Human Resources. Photos by Gino Demeer.

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019
Show Comments