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Objective Corporation Limited (ASX:OCL)

ALERT: Price-sensitive ASX Announcement for OCL
Current share price for OCL : $6.800 -3.5 (-33.98%)+
Announcement
Release
1 Jul 2026 9:34AM
Price at Release
$10.300
Full Release
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Summary
Objective Corporation Limited, an Australian technology company, announced the non-renewal of its Upgrade and Support Program (USP) agreement with the Australian Department of Defence (DoD) after a partnership lasting over 25 years. The Defence Digital Group (DDG) has confirmed its continued commitment to using Objective's ECM software but will not renew the USP agreement, which provided critical support and software upgrades to around 140,000 users. This decision will impact Objective’s Annual Recurring Revenue but not its FY26 revenue or earnings. Despite the non-renewal, Objective plans to continue its investment in Defence and National Security solutions, including the ongoing development of their replacement solution, Objective Nexus. The company emphasizes its commitment to sovereign innovation and the reinvestment of software revenues into research and development. Objective remains engaged with DoD and other national security customers.
Key Points
  • Objective Corporation's USP agreement with DoD not renewed.
  • DDG continues to use Objective ECM but without USP benefits.
  • Impact on Annual Recurring Revenue but not FY26 revenue or earnings.
  • Ongoing investment in Defence and National Security solutions.
  • Commitment to sovereign innovation and R&D reinvestment.
  • Objective remains engaged with DoD and national security customers.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.