Objective Corporation FY18 results lower than expected

Company News

by Anna Napoli

Objective Corporation (ASX:OCL) has provided a trading update for the 2018 financial year, with headline results in line with 2017.

The software solutions company says 2018 presented it with unexpected isolated challenges and accordingly, results are lower than the business is capable of.

The company is expecting revenue of $63 million and earnings of 10.5 million for the period.

Objective says it’s confident that financial year 2019 will deliver significant margin expansion as a result of product enhancements delivered by R&D investment.

Shares in Objective (ASX:OCL) are trading 19.2 per cent lower to $2.90

  

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.