Exploring Nuix And 2 Other High Growth Tech Stocks In Australia

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Over the last 7 days, the Australian market has risen 2.2%, and over the past 12 months, it is up 11%, with earnings forecast to grow by 13% annually. In this favorable environment, identifying high growth tech stocks like Nuix and others can be crucial for investors looking to capitalize on robust market conditions.

Top 10 High Growth Tech Companies In Australia

Name

Revenue Growth

Earnings Growth

Growth Rating

Telix Pharmaceuticals

20.85%

38.76%

★★★★★★

Clinuvel Pharmaceuticals

22.48%

26.75%

★★★★★★

DUG Technology

15.32%

42.38%

★★★★★☆

Megaport

16.19%

35.55%

★★★★★☆

Doctor Care Anywhere Group

23.44%

96.41%

★★★★★★

Enlitic

104.77%

94.35%

★★★★★☆

Xero

13.50%

24.14%

★★★★★☆

Mesoblast

45.23%

49.67%

★★★★★★

Adveritas

66.47%

103.87%

★★★★★★

SiteMinder

20.26%

70.41%

★★★★★☆

Click here to see the full list of 52 stocks from our ASX High Growth Tech and AI Stocks screener.

Let's uncover some gems from our specialized screener.

Nuix

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Nuix Limited offers investigative analytics and intelligence software solutions across various regions including Asia Pacific, the Americas, Europe, the Middle East, and Africa, with a market cap of A$1.42 billion.

Operations: Nuix Limited generates revenue from providing software solutions focused on investigative analytics and intelligence across multiple global regions. The company's cost structure includes expenses related to software development, sales, and administrative functions.

Nuix reported a significant turnaround for the fiscal year ending June 30, 2024, with sales rising to AUD 220.62 million from AUD 182.47 million and net income reaching AUD 5.03 million compared to a net loss of AUD 5.59 million previously. The expanded partnership with Consilio underscores Nuix's strategic positioning in data processing and eDiscovery services, leveraging its industry-leading software solutions to meet evolving client needs globally. With R&D expenses constituting approximately 13% of revenue, Nuix demonstrates its commitment to innovation and future growth potential within the high-growth tech sector in Australia.

ASX:NXL Revenue and Expenses Breakdown as at Aug 2024

Technology One

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Technology One Limited develops, markets, sells, implements, and supports integrated enterprise business software solutions in Australia and internationally with a market cap of A$7.37 billion.

Operations: Technology One Limited generates revenue primarily from software (A$317.24 million), corporate services (A$83.83 million), and consulting (A$68.13 million). The company operates both domestically in Australia and internationally, providing integrated enterprise business software solutions.