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.

Tim Knapton is the founder and CEO of online tech research and finance marketplace TechVoyage which enables investors to appraise listed and unlisted tech companies and for entrepreneurs to finance, acquire and exit them. Previously Tim was Head of Corporate Broking at Deutsche Australia and before that ran a research department for a leading broking house.  Tim has also been a freelance tech/finance journalist for more than 20 years and a columnist with The Australian Financial Review, The Bulletin, BRW, Shares and Australian Business.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.