ASX:OCLSoftware
Objective (ASX:OCL) Shares Face Contract Churn After 35% Slide
Objective shareholders came into this result already on the back foot, with the stock down around 35% over the past three months and closing at A$6.80 ahead of digesting the full year story. The earnings headline is not about a blow up in profit. It is about how the market squares that slump in sentiment with a software company reporting A$134.7m in revenue, A$37.2m in net profit and an adjusted EBITDA margin near 39%.
The key question now is whether that earnings power and a fully franked...