Exploring High Growth Tech Stocks In The United Kingdom October 2024

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The United Kingdom's market has recently experienced a downturn, with the FTSE 100 index closing lower following weak trade data from China, highlighting concerns over global economic recovery and its impact on UK companies tied to Chinese fortunes. In this environment, identifying high growth tech stocks in the UK requires focusing on companies that demonstrate resilience and adaptability amid fluctuating international demand and broader market uncertainties.

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%

★★★★★☆

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%

★★★★★☆

Beeks Financial Cloud Group

24.63%

57.95%

★★★★★☆

Oxford Biomedica

21.00%

93.64%

★★★★★☆

Vinanz

113.60%

125.86%

★★★★★☆

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

Let's review some notable picks from our screened stocks.

Craneware

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Craneware plc, along with its subsidiaries, specializes in developing, licensing, and supporting computer software for the healthcare industry in the United States, with a market cap of £710.03 million.

Operations: The company generates revenue primarily through its healthcare software segment, amounting to $189.27 million.

Craneware's strategic alignment with Microsoft Azure underlines its innovative approach in the healthcare tech sector, enhancing cloud-based solutions crucial for U.S. healthcare leaders. This partnership, highlighted by new entries in the Azure Marketplace, is set to boost operational efficiencies using AI-driven analytics. Financially, Craneware has demonstrated robust growth with a 26.8% increase in earnings over the past year and forecasts suggest an 8.2% annual revenue growth and a significant 25.6% rise in earnings annually, outpacing the UK market averages of 3.6% and 14.2%, respectively. These figures reflect not only Craneware’s strong market position but also its potential to leverage technology partnerships to sustain its upward trajectory.

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

Genus

Simply Wall St Growth Rating: ★★★★☆☆

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