Australia's Objective Corp sees best session in 2-1/2 months on bright outlook

Objective

13/01/2022 01:19

** Shares of Objective Corp Ltd  OCL.AX  climb up to 6.2% to
A$17.99, their biggest intraday pct gain since Oct 25
    ** The software solutions firm expects a 35% jump in
half-year profit to A$9.8 mln ($7.14 mln) and a 13% jump in
revenue to A$52.7 mln  urn:newsml:reuters.com:*:nASX8LM623
    ** Says "outlook for the remainder of FY2022 remains very
positive", driven by a demand for its software on increased
remote working amid rising cases of COVID-19
    ** About 71,000 shares change hands, compared with the
30-day average volume of 35,000 shares
    ** Stock down about 15% this year, as of last close

    ($1 = 1.3731 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))