Exploring Constellation Software And 2 Other High Growth Canadian Tech Stocks
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As the Canadian TSX index experiences a slight decline amidst broader market volatility and economic uncertainties, investors are increasingly looking towards high-growth sectors like technology to find potential opportunities. In this article, we will explore Constellation Software and two other high-growth Canadian tech stocks that stand out for their resilience and growth potential in the current market environment.
Top 10 High Growth Tech Companies In Canada
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Docebo | 14.74% | 34.09% | ★★★★★☆ |
| Constellation Software | 16.17% | 23.55% | ★★★★★☆ |
| HIVE Digital Technologies | 54.20% | 100.27% | ★★★★★☆ |
| GameSquare Holdings | 38.08% | 86.64% | ★★★★★☆ |
| VerticalScope Holdings | 6.93% | 70.02% | ★★★★☆☆ |
| Medicenna Therapeutics | 62.37% | 57.20% | ★★★★★☆ |
| Cineplex | 7.33% | 179.27% | ★★★★☆☆ |
| Sabio Holdings | 12.97% | 122.50% | ★★★★☆☆ |
| BlackBerry | 20.61% | 76.74% | ★★★★★☆ |
| Alpha Cognition | 62.98% | 69.54% | ★★★★★☆ |
Click here to see the full list of 23 stocks from our TSX High Growth Tech and AI Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Constellation Software
Simply Wall St Growth Rating: ★★★★★☆
Overview: Constellation Software Inc., along with its subsidiaries, acquires, develops, and manages vertical market software businesses across Canada, the United States, Europe, and internationally with a market cap of CA$90.38 billion.
Operations: Constellation Software generates revenue primarily from its Software & Programming segment, amounting to $9.27 billion. The company focuses on acquiring and managing vertical market software businesses across various regions.
Constellation Software's recent earnings report showcases a robust revenue increase to $2.47 billion from $2.04 billion year-over-year, with net income rising to $177 million from $103 million. The launch of Omegro, integrating over 30 business units and serving 15,000 customers globally, underscores its strategic expansion. With R&D expenses at approximately 16% of revenue and earnings growth projected at 23.6% annually, Constellation is positioned for sustained innovation and market leadership in the software sector.
Kinaxis
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Kinaxis Inc. offers cloud-based subscription software for supply chain operations across the United States, Europe, Asia, and Canada, with a market cap of CA$4.28 billion.
Operations: Kinaxis Inc. generates revenue primarily from its cloud-based subscription software for supply chain operations, with $457.72 million coming from the Software & Programming segment. The company operates across the United States, Europe, Asia, and Canada.