One Information Technology stock to Sell – Objective Corporation Ltd
Double digit growth in key financial parameters for FY17: Objective Corporation Ltd (ASX: OCL), a quality information and process governance software solutions company, has had a healthy revenue and earnings result for FY17. OCL recorded a double-digit revenue growth (of 25%) to $62.6 million with all business units delivering growth, while EBITDA surged 67% to $10.5 million and earnings per share soared 55% to 9 cents per share. The group had continued to invest in product launches in FY17 that include Objective ECM (enterprise content management), Objective Keystone and Objective Trapeze; and these products have yielded strong operating profits. For instance, Objective ECM reported for 35% growth in operating profit while Objective Keystone’s operating profit was up 67%. The group expects incremental growth opportunity for FY18 and beyond for its Trapeze product. This overall result helped the group achieve 56% rise in net profit after tax.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.