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The Canadian market has experienced increased volatility in recent weeks, driven by concerns over a slowing economy and persistent inflation, yet overall stocks remain near record highs. In this environment, identifying high-growth tech stocks becomes crucial as they have the potential to outperform despite broader market swings.
Top 10 High Growth Tech Companies In Canada
Name | Revenue Growth | Earnings Growth | Growth Rating |
---|---|---|---|
Docebo | 14.70% | 33.96% | ★★★★★☆ |
Constellation Software | 16.17% | 23.55% | ★★★★★☆ |
HIVE Digital Technologies | 54.20% | 100.27% | ★★★★★☆ |
GameSquare Holdings | 38.08% | 86.64% | ★★★★★☆ |
Blackline Safety | 22.54% | 162.50% | ★★★★★☆ |
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 24 stocks from our TSX High Growth Tech and AI Stocks screener.
Here's a peek at a few of the choices from the screener.
Constellation Software
Simply Wall St Growth Rating: ★★★★★☆
Overview: Constellation Software Inc., along with its subsidiaries, acquires, builds, and manages vertical market software businesses across Canada, the United States, Europe, and internationally with a market cap of CA$90.84 billion.
Operations: The company generates revenue primarily from its Software & Programming segment, which amounted to $9.27 billion.
Constellation Software's revenue surged from $2.04 billion to $2.47 billion in Q2 2024, reflecting a 21% increase, while net income jumped by 72% to $177 million. The company's forecasted annual earnings growth of 23.6% outpaces the Canadian market's 15.3%, driven by strategic acquisitions and robust performance across its diverse software segments like Omegro, which serves over 15,000 customers globally. With R&D expenses at $0.42 billion in the last year, Constellation continues innovating to sustain its competitive edge in the tech sector.
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Take a closer look at Constellation Software's potential here in our health report.
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Assess Constellation Software's past performance with our detailed historical performance reports.
Docebo
Simply Wall St Growth Rating: ★★★★★☆
Overview: Docebo Inc. operates as a learning management software company that provides an artificial intelligence (AI)-powered learning platform in North America and internationally, with a market cap of CA$1.74 billion.
Operations: The company generates revenue primarily from its educational software segment, which brought in $200.24 million. The business leverages an AI-powered learning platform to serve clients across North America and internationally.