Leading global software company headquartered in Sydney, Australia.
Sydney, Australia
$62 million (AUD) in FY2019
Invested 21% revenue in R&D in FY2019
16 050 539 350
Annual Report
2019 was a truly progressive year for Objective with great outcomes for all of our stakeholders. Whilst the headline reported revenue remained flat, the underlying narrative was significant enhancements across our suite of solutions, margin expansion and material growth in ARR.
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With more than 20 years' experience helping organisation meet regulatory requirements, and the investment we've made in solutions to ease the burden of compliance processes, Objective is positioned squarely in the midst of a very active and growing market.
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The 2017 financial year was transformational for Objective Corporation, with the launch of outstanding software across the solution portfolio and record financial performance.
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We made significant progress during FY2016, which can best be described as a transitional year. We continued to grow our recurrent revenue and maintained cost discipline throughout the year, reporting an increase in net profit after tax of 18% to $5.3 million.
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As digital transformation and cloud computing influence strategies to drive innovation and agility throughout business, we too remain agile, investing in our solutions and aligning our business to meet this demand.
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Demand for our solutions is increasing, we are confident in our competitive position in the marketplace and we expect solid growth in all business lines in the year ahead.
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Chief Executive Officer
Tony founded the company in 1987. Tony has extensive experience in the IT industry, has a Bachelor of Mathematics (Computing Science), a Graduate Diploma in Applied Finance (SIA) and is a Fellow of the Australian Institute of Company Directors.
Non Executive Director
Gary was appointed a Director of Objective Corporation Limited in March 1991. In October 2007 Gary became a Non-Executive Director. He has an extensive background in Finance, IT Management and global product software sales. Gary has a B.Economics and further tertiary education in Law and Business Administration.
Independent Non Executive Director
Nick was appointed as a Non-Executive Director in July 2008. Nick is an experienced international software entrepreneur, strategist and venture capitalist. He founded, led and then sold a leading United Kingdom Business Process Management company. He then spent seven years with the international venture capital company 3i, where he headed up the software sector. He now advises a number of software companies, serving on the Boards of three of them. He is also an "Approved Person" under the Financial Conduct Authority (FCA), the body that regulates the UK financial services industry.
Independent Non Executive Director
Darc is a seasoned enterprise software professional with over 25 years’ experience successfully building and growing Software as a Service (SaaS) and Cloud based businesses across global markets. Darc has worked growing companies including Infor, SAP, IntraPower (Trusted Cloud) and Integrated Research. Darc led the SAP (NYSE:SAP) global CRM Line of Business, building it from start-up to total annual revenues of US$1.5 billion in 2007. He was CEO at Integrated Research (ASX:IRI) and led the company through a whole of business transformation strategy that delivered 70%+ growth in Revenue and Profits along with a tripling of the company’s market capitalisation.
Statement
The Board at Objective Corporation aspire tot he highest standards of corporate governance that could be deemed approporate for a company the size of Objective.
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The Objective Code of Conduct has been endorsed by the Board and provides guidance for directors and employees on the standards that Objective expects in the conduct of its operations.
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