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 financial resultsObjective CorporationTony Wallssolutions provider

Events

Featured

Slideshows

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments