Objective Corporation chalks up record results

Stan Beer
Thursday, 01 September 2005 05:34

IT Industry - Listed Tech

Content management provider, Objective Corporation Limited (ASX:OCL), added its name to the growing list of Australian technology companies reporting record results for 2005.

Objective recorded $34.0 million of revenues in 2005, a 25.5% increase over the previous year and a record after tax profit of $8.0 million, a 47.1% increase on 2004.

Tony Walls, executive chairman, Objective Corporation, said: "These achievements demonstrate our strong customer service
culture and the success of Objective's focus on achieving high quality business outcomes for our customers.

"Another year of record revenue and profit results is clearly very encouraging. Substantial new contract wins and extensions with existing customers have underpinned our results, enabling us to record our fourth consecutive year of stand-out growth since public listing.

"We have been diligent in growing our customer base and broadening our industry focus during the year. We have achieved a marketleadership position in Asia Pacific and continue to be a challenger in Europe.

"Objective's growth has been entirely organic. Our growth-rate makes us one of the fastest growing companies in the Enterprise Content Management (ECM) sector of the ICT industry globally," said Walls.