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!

Error: Please check your email address.

Tags governmentfinancial resultspublic sectorObjective CorporationTony Wallssolutions provider

Featured

Slideshows

Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Show Comments