Objective Corporation Limited (ASX: OCL) demonstrated strong financial performance in the Financial Year 2024, with a remarkable 6% growth in group revenue to AU$117.5 million, up from AU$110.4 million. This growth is further accentuated by a substantial 66% increase in Adjusted EBITDA to AU$44.3 million and a 49% rise in Net Profit After Tax to AU$31.3 million. The financial performance shows its unwavering commitment to innovation and customer-centric solutions. It has successfully transitioned 100% of its software revenue to a subscription model, with recurring revenue now constituting 81% of its total revenue. This strategic shift underscores its agility and unwavering focus on meeting customer needs.
The company's dedication to continuous improvement and innovation is further demonstrated by its substantial investment of AU$28.2 million in Research and Development, representing 30% of its software revenue. Notably, AU$14.1 million of this investment was capitalised, reflecting its commitment to driving sustainable growth and delivering value to its stakeholders.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
