Leading global software company headquartered in Sydney, Australia.
Sydney, Australia
$110 million (AUD) in FY2023
Invested 25% of revenue in R&D in FY2023
16 050 539 350
Annual Report
We are committed to building a sustainable company for he benefit of our customers, our employees and our shareholders. We continue to invest in our people, the most important driver of success.
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Objective is committed to operating with integrity and making a positive impact for our people, our customers, the community and our planet.
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As we close out FY2022, I reflect that personal and professional lives are finally beginning to return to (the new) normal. I’ve also been amazed by the unrelenting enthusiasm and tenacity demonstrated by our people to keep delivering outstanding digital government software.
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Our financial results in FY2021 reflect the continued delivery of our strategic plan, with strong growth in recurring revenue and earnings underpinning our highest ever investment in innovation.
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In the rapidly changing operating landscape of FY2020 we delivered a strong financial result; delivering on our strategy while supporting employees and customers transitioning to fully remote working.
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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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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.
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.
Non Executive Director
Stephen joined the Board after 17 years at Objective Corporation in senior leadership positions, most recently as Chief Operating Officer over the past 5 years. In that time, Steve made important contributions across the entire organisation, helping shape the culture and operating structures that support our current business success. Prior to joining Objective, Stephen had served in senior leadership roles at US multinational Software and Consulting Services companies including PeopleSoft (Oracle), and SPL WorldGroup (Oracle) during a career that spans over 30 years in the industry. Stephen holds a Bachelor Degree in Computer Science and Master Degree in Business Administration.
Company Secretary & CFO
Ben was appointed Company Secretary in July 2016. Ben has over 15 years’ experience in financial roles within Financial Services and corporate finance businesses both in Australia and the UK. Ben is Objective Corporation's CFO and also responsible for company secretarial and corporate governance support. Ben has a B.Commerce and a M.Commerce.
Statement
The Board at Objective Corporation aspire to the 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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As a publicly listed company on the ASX, you can access a copy of the company's constitution here.
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