ASX:OCL

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Objective Fiscal 2026 Earnings, Revenue Up

Objective (ASX:OCL) logged AU$0.384 in earnings per share for fiscal 2026, compared with AU$0.366 a year ago, a Thursday filing showed.For the 12 months ended June 30, revenue was AU$134.7 million versus AU$123.5 million previously, the Australia-listed software provider added.The board declared a final unfranked dividend of AU$0.05 per share, payable Sept. 15 to shareholders on record as of Sept. 9. It also declared a final fully franked dividend of AU$0.08 per share, payable Sept. 14 to shareholders on record as of Sept. 3. The firm declared a final dividend of AU$0.13 a year earlier.

ASX:OCL

Asia56d ago

Objective's Near-Term Margins to Face Pressure After Defense Contract Loss, Says Jefferies

Objective (ASX:OCL) is expected to face near-term margin pressure after losing a highly profitable subscription contract with the Defence Digital Group of the Australian Department of Defence, Jefferies said in a note on Wednesday.Fiscal 2026 is expected to be unaffected, but fiscal 2027 growth is projected to be impacted as annual recurring revenue is now seen to reset to fiscal 2025 levels, the investment firm said.Jefferies lowered its fiscal 2027 to 2028 revenue estimates by 9% to 13% and sees fiscal 2026 to 2028 EPS to decline by 28% to 31%.The expected margin compression reflects both the quality of the lost revenue and the limited ability for the company to replace it with contracts of similar margin in the near term, it added.The brokerage maintained its hold rating but cut its price target to AU$7 from AU$14.

ASX:OCL

Asia57d ago

Update: Objective Says Australian Department of Defense Decides Against Renewing Technology Agreement; Shares Hit Six-Year Low

(Updates with the stock movement in the headline and last paragraph.)Objective (ASX:OCL) said the Australian Department of Defense's Defense Digital Group (DDG) decided not to renew a technology agreement with the company, ending the DDG's access to the Objective ECM Upgrade and Support Program's capabilities from Wednesday, according to a same-day filing with the Australian bourse.However, the DDG confirmed that it remains committed to the widescale use of Objective ECM across the Department of Defense, and the non-renewal does not prevent Objective from making other sales to the department, the company said.The development does not impact Objective's fiscal 2026 revenue or earnings but will reduce the company's annual recurring revenue balance. A renewal of the agreement on the expected terms would have resulted in annual recurring revenue growth for fiscal 2026 within the guided range of 10% to 14% on a constant currency basis, the company said.The agreement had been in place for more than 25 years, per the filing.Objective shares plunged about 50% in recent Wednesday trade, hitting their lowest since March 2020.

ASX:OCL

Asia57d ago

Objective Says Australian Department of Defense Decides Against Renewing Technology Agreement

Objective (ASX:OCL) said the Australian Department of Defense's Defense Digital Group (DDG) decided not to renew a technology agreement with the company, ending the DDG's access to the Objective ECM Upgrade and Support Program's capabilities from Wednesday, according to a same-day filing with the Australian bourse.However, the DDG confirmed that it remains committed to the widescale use of Objective ECM across the Department of Defense, and the non-renewal does not prevent Objective from making other sales to the department, the company said.The development does not impact Objective's fiscal 2026 revenue or earnings but will reduce the company's annual recurring revenue balance. A renewal of the agreement on the expected terms would have resulted in annual recurring revenue growth for fiscal 2026 within the guided range of 10% to 14% on a constant currency basis, the company said.The agreement had been in place for more than 25 years, per the filing.

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