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.
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