Craneware And 2 Other High Growth Tech Stocks In The UK

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The UK market has recently faced challenges, with the FTSE 100 index closing lower due to weak trade data from China, highlighting global economic uncertainties that have affected several sectors including commodities and finance. In this environment, identifying high-growth tech stocks like Craneware and others becomes crucial as investors seek opportunities in innovative sectors that may offer resilience against broader market volatility.

Top 10 High Growth Tech Companies In The United Kingdom

Name

Revenue Growth

Earnings Growth

Growth Rating

STV Group

13.15%

46.78%

★★★★★☆

Gaming Realms

11.57%

22.07%

★★★★★☆

Altitude Group

23.46%

27.56%

★★★★★☆

YouGov

14.29%

29.79%

★★★★★☆

Facilities by ADF

52.00%

144.70%

★★★★★☆

Redcentric

4.89%

63.79%

★★★★★☆

Windar Photonics

63.60%

126.92%

★★★★★☆

LungLife AI

100.61%

100.97%

★★★★★☆

Oxford Biomedica

21.00%

98.44%

★★★★★☆

Beeks Financial Cloud Group

22.12%

36.94%

★★★★★☆

Click here to see the full list of 46 stocks from our UK High Growth Tech and AI Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Craneware

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Craneware plc, along with its subsidiaries, specializes in developing, licensing, and supporting software solutions for the U.S. healthcare industry and has a market capitalization of £699.54 million.

Operations: Craneware generates revenue primarily from its healthcare software segment, which accounts for $189.27 million. The company focuses on providing software solutions tailored to the U.S. healthcare industry, leveraging its expertise to support various operational needs within this sector.

Craneware, a participant in the high-growth tech sector, is demonstrating robust financial and strategic progress. With an anticipated earnings growth of 25.6% annually, the company outpaces the UK market average significantly. This growth trajectory is supported by a recent strategic partnership with Microsoft Azure, enhancing its Trisus cloud platform offerings aimed at optimizing healthcare financial performance. Moreover, Craneware's commitment to innovation is evident in its R&D expenditure trends which are aligned with its revenue growth of 8.2% per year—faster than the UK market's 3.6%. These factors collectively underscore Craneware’s potential to leverage technological advancements for sustained business expansion and sector influence.

AIM:CRW Revenue and Expenses Breakdown as at Oct 2024
AIM:CRW Revenue and Expenses Breakdown as at Oct 2024

Capita

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Capita plc is a company that offers consulting, digital, and software solutions to both private and public sector clients in the UK and globally, with a market capitalization of approximately £345.66 million.

Operations: Capita generates revenue primarily through its Capita Experience and Capita Public Service segments, contributing £1.12 billion and £1.49 billion respectively.

Capita plc, amidst a volatile share price, has shown promising signs of recovery with its half-year sales reaching £1.24 billion, up from a previous loss, reflecting a net income turnaround to £53 million. This resurgence is underpinned by strategic extensions like the recent £135 million deal to manage the UK's smart meter communications platform until 2027—a testament to Capita's strengthening position in tech-driven public services. Furthermore, R&D investments are pivotal as they align with projected annual earnings growth of 52.1%, signaling Capita's commitment to innovation and future profitability in high-tech frameworks within the professional services sector.

LSE:CPI Revenue and Expenses Breakdown as at Oct 2024
LSE:CPI Revenue and Expenses Breakdown as at Oct 2024

Genus

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Genus plc is an animal genetics company with a market capitalization of approximately £1.35 billion, operating across North America, Latin America, the United Kingdom, Europe, the Middle East, Russia, Africa, and Asia.

Operations: Genus plc generates revenue primarily through its Genus ABS and Genus PIC segments, with £314.90 million and £352.50 million respectively. The company operates in various regions including North America, Latin America, and Asia among others.

Genus plc, navigating a challenging fiscal year with sales dipping to £668.8 million from £689.7 million, still maintains investor confidence through a steady dividend of 21.7 pence per share. Despite a significant net income drop to £7.9 million from last year's £33.3 million, the company is poised for recovery with projected earnings growth of 37.4% annually—outpacing the UK market's 14.2%. This optimism is bolstered by Genus’s strategic R&D focus, crucial for sustaining long-term innovation and competitiveness in biotechnology—a sector where staying ahead technologically is imperative for growth.

LSE:GNS Revenue and Expenses Breakdown as at Oct 2024
LSE:GNS Revenue and Expenses Breakdown as at Oct 2024

Key Takeaways

  • Navigate through the entire inventory of 46 UK High Growth Tech and AI Stocks here.

  • Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.

  • Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include AIM:CRW LSE:CPI and LSE:GNS.

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