Audinate Group And 2 Other High Growth Tech Stocks In Australia
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Over the last 7 days, the Australian market has dropped 1.5% but remains up by 19% over the past year, with earnings anticipated to grow by 12% annually in the coming years. In this environment, a good high-growth tech stock is one that demonstrates strong potential for revenue expansion and innovation, aligning well with these positive long-term growth expectations despite short-term fluctuations.
Top 10 High Growth Tech Companies In Australia
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Clinuvel Pharmaceuticals | 22.32% | 27.42% | ★★★★★★ |
| Adherium | 86.80% | 73.66% | ★★★★★★ |
| ImExHS | 20.47% | 111.20% | ★★★★★★ |
| Telix Pharmaceuticals | 21.54% | 38.44% | ★★★★★★ |
| AVA Risk Group | 32.56% | 118.83% | ★★★★★★ |
| Careteq | 37.17% | 126.21% | ★★★★★☆ |
| Pointerra | 56.62% | 126.45% | ★★★★★★ |
| Wrkr | 36.31% | 100.29% | ★★★★★★ |
| Adveritas | 57.98% | 144.21% | ★★★★★★ |
| SiteMinder | 19.65% | 60.64% | ★★★★★☆ |
Click here to see the full list of 64 stocks from our ASX High Growth Tech and AI Stocks screener.
Let's explore several standout options from the results in the screener.
Audinate Group
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Audinate Group Limited develops and sells digital audio visual networking solutions in Australia and internationally, with a market capitalization of A$714.24 million.
Operations: The company generates revenue primarily through its Contract Electronics Manufacturing Services, which accounted for A$91.48 million.
Audinate Group, navigating through a volatile market, has demonstrated resilience with a projected revenue growth of 10.8% annually, outpacing the Australian market's 5.5%. This growth is bolstered by significant R&D investment, aligning with its strategic focus on innovation in digital audio networking technologies. The recent appointment of CFO Chris Rollinson adds robust financial expertise, potentially enhancing corporate governance and strategic financial planning. With earnings expected to surge by 20.5% per year, Audinate is poised to capitalize on expanding digital media solutions demand despite its past year's earnings dip of -3.8%.
REA Group
Simply Wall St Growth Rating: ★★★★☆☆
Overview: REA Group Limited operates an online property advertising business across Australia, India, the United States, Malaysia, Singapore, Thailand, Vietnam, and other international markets with a market cap of approximately A$29.96 billion.
Operations: REA Group generates revenue primarily from its property and online advertising segment in Australia, contributing A$1.25 billion, followed by financial services in Australia at A$320.6 million, and operations in India at A$103.1 million. The company's net profit margin is a key indicator of its profitability dynamics across these diverse markets.