High Growth Tech Stocks In Germany To Watch This October 2024
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Germany's DAX Index surged 4.03% recently, buoyed by hopes for interest rate cuts and China's robust stimulus measures, which have lifted market sentiment across Europe. Against this backdrop of optimism, investors are keenly watching high-growth tech stocks in Germany that are well-positioned to capitalize on these favorable economic conditions and technological advancements.
Top 10 High Growth Tech Companies In Germany
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Formycon | 32.50% | 30.70% | ★★★★★☆ |
| Str?er SE KGaA | 7.37% | 29.88% | ★★★★★☆ |
| Stemmer Imaging | 13.34% | 23.20% | ★★★★★☆ |
| Exasol | 14.66% | 117.10% | ★★★★★☆ |
| ParTec | 41.16% | 63.31% | ★★★★★★ |
| cyan | 28.13% | 71.26% | ★★★★★☆ |
| Northern Data | 32.53% | 68.17% | ★★★★★☆ |
| medondo holding | 35.61% | 82.66% | ★★★★★☆ |
| Rubean | 55.25% | 67.67% | ★★★★★☆ |
| GK Software | 8.70% | 33.04% | ★★★★☆☆ |
Underneath we present a selection of stocks filtered out by our screen.
Northern Data
Simply Wall St Growth Rating: ★★★★★☆
Overview: Northern Data AG develops and operates high-performance computing (HPC) infrastructure solutions for businesses and research institutions worldwide, with a market cap of approximately €1.55 billion.
Operations: Northern Data AG generates revenue primarily through Peak Mining (€156.13 million), Taiga Cloud (€22.13 million), and Ardent Data Centers (€31.46 million). The company also incurs a significant consolidation cost of -€178.50 million, impacting overall profitability.
Northern Data AG, despite its current unprofitable status, is positioned for significant growth with revenue expected to surge at 32.5% annually, outpacing the German market's 5.4%. This growth trajectory is underscored by recent inclusion in the S&P Global BMI Index and robust conference activity signaling strong market engagement. Furthermore, R&D investments are robust, aligning with anticipated earnings growth of 68.2% per year. These strategic moves could pivot Northern Data towards profitability within three years amidst a volatile share price landscape and substantial shareholder dilution over the past year.
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Unlock comprehensive insights into our analysis of Northern Data stock in this health report.
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Examine Northern Data's past performance report to understand how it has performed in the past.
adesso
Simply Wall St Growth Rating: ★★★★☆☆
Overview: adesso SE, along with its subsidiaries, offers IT services across Germany, Austria, Switzerland, and internationally with a market cap of €472.07 million.
Operations: The company generates revenue primarily from IT services (€1.39 billion) and IT solutions (€128.12 million). The combined revenue is partially offset by consolidation and reconciliation adjustments totaling -€288.80 million.