Exploring 3 High Growth Tech Stocks in the United Kingdom

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Over the last 7 days, the United Kingdom market has remained flat, yet it is up 9.7% over the past year with earnings forecasted to grow by 14% annually. In this context, identifying high growth tech stocks that align with these positive trends can be a strategic move for investors looking to capitalize on future gains.

Top 10 High Growth Tech Companies In The United Kingdom

Name

Revenue Growth

Earnings Growth

Growth Rating

Altitude Group

23.46%

27.56%

★★★★★☆

Filtronic

21.64%

33.46%

★★★★★★

YouGov

14.43%

29.79%

★★★★★☆

Facilities by ADF

32.33%

94.46%

★★★★★★

STV Group

13.43%

47.09%

★★★★★☆

Redcentric

4.89%

63.79%

★★★★★☆

LungLife AI

100.61%

100.97%

★★★★★☆

Trustpilot Group

16.23%

31.98%

★★★★★☆

IQGeo Group

11.49%

63.61%

★★★★★☆

Beeks Financial Cloud Group

24.63%

57.95%

★★★★★☆

Click here to see the full list of 48 stocks from our UK High Growth Tech and AI Stocks screener.

Here's a peek at a few of the choices from the screener.

Nexxen International

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Nexxen International Ltd. offers a comprehensive software platform for advertisers to connect with publishers in Israel and has a market cap of £406.74 million.

Operations: Nexxen International Ltd. generates $339.02 million in revenue from providing marketing services through its end-to-end software platform for advertisers and publishers in Israel. The company has a market cap of £406.74 million.

Nexxen International's recent earnings report highlights a significant turnaround, with Q2 sales reaching $88.58 million and net income at $2.92 million compared to a net loss of $5.61 million last year. The company's strategic data partnership with The Trade Desk enhances its cross-channel targeting capabilities, leveraging unique ACR data segments for TV-viewing audiences across multiple regions, including the U.K., U.S., and Australia. Notably, Nexxen's forecasted annual profit growth of 71.87% per year underscores its strong potential in the tech sector. Investing heavily in R&D, Nexxen spent approximately 8% of its revenue on innovation initiatives last year, which is crucial for maintaining competitive advantage in the rapidly evolving AI and software landscape. Collaborations like the one with Vevo to expand programmatic advertising capabilities further solidify Nexxen’s position in high-growth tech markets by enhancing audience targeting and monetization efforts through advanced data integration techniques.

AIM:NEXN Earnings and Revenue Growth as at Aug 2024
AIM:NEXN Earnings and Revenue Growth as at Aug 2024

Informa

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Informa plc operates as an international events, digital services, and academic research company in the United Kingdom, Continental Europe, the United States, China, and internationally with a market cap of £10.91 billion.

Operations: Informa generates revenue through four main segments: Informa Tech (£426.70 million), Informa Connect (£630.20 million), Informa Markets (£1.67 billion), and Taylor & Francis (£636.70 million). The company operates across various regions including the UK, Continental Europe, the US, and China.

Informa's revenue growth of 6.7% per year surpasses the UK market average of 3.7%, while earnings are forecasted to rise by an impressive 21.5% annually, outpacing the market's 14.3%. Despite a challenging past year with a £213.5 million one-off loss, recent financials show resilience with H1 sales reaching £1,695.3 million and net income at £147.3 million compared to last year's £253.5 million, reflecting strategic adjustments and robust performance in their events and digital services segments.

LSE:INF Revenue and Expenses Breakdown as at Aug 2024
LSE:INF Revenue and Expenses Breakdown as at Aug 2024

Trustpilot Group

Simply Wall St Growth Rating: ★★★★★☆

Overview: Trustpilot Group plc operates an online review platform connecting businesses and consumers across the United Kingdom, North America, Europe, and internationally, with a market cap of £860.56 million.

Operations: Trustpilot Group plc generates revenue primarily through its online review platform, which serves businesses and consumers globally. The company reported $176.36 million in revenue from Internet Information Providers.

Trustpilot Group's revenue is forecast to grow at 16.2% per year, outpacing the UK market's 3.7%. With earnings expected to increase by 32% annually, Trustpilot is positioned for substantial growth compared to the broader market's 14.3%. Recently becoming profitable, Trustpilot has shown resilience and potential in its business model. The company repurchased shares in the past year, reflecting confidence in its future prospects. R&D expenses have been significant; with £12 million invested last year, innovation remains a core focus for sustained growth.

LSE:TRST Earnings and Revenue Growth as at Aug 2024
LSE:TRST Earnings and Revenue Growth as at Aug 2024

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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:NEXN LSE:INF and LSE:TRST.

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