VIDEO: Why Objective is up 70pc this year
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Numerous multibillion dollar software giants like Oracle, IBM and Hewlett Packard are thriving with content management at the very core of their offerings.
As indeed is Objective Corporation (AAX:OCL) — capitalised at less than $270 million — but with a myriad of loyal government and enterprise customers and a bottom line that’s growing solidly.
The shares are up 70 per cent this year.
Last financial year, Objective grew revenues 25 per cent to $63 million — of which more than half was recurring.
The revenue and earnings multiples are ostensibly high, but they are more than justified by the quality of the company’s underlying intellectual property.