High Growth Tech Stocks To Watch In The UK October 2024
The United Kingdom market has remained flat over the past week, yet it has experienced a 7.5% increase over the last year with earnings expected to grow by 14% annually. In this context, identifying high growth tech stocks involves looking for companies that demonstrate strong potential for revenue expansion and innovation in a stable market environment.
Top 10 High Growth Tech Companies In The United Kingdom
Name | Revenue Growth | Earnings Growth | Growth Rating |
---|---|---|---|
Gaming Realms | 11.57% | 22.07% | ★★★★★☆ |
STV Group | 13.15% | 46.78% | ★★★★★☆ |
Altitude Group | 23.46% | 27.56% | ★★★★★☆ |
YouGov | 14.29% | 29.79% | ★★★★★☆ |
Facilities by ADF | 52.00% | 144.70% | ★★★★★☆ |
Redcentric | 4.89% | 63.79% | ★★★★★☆ |
Windar Photonics | 63.60% | 126.92% | ★★★★★☆ |
Oxford Biomedica | 21.00% | 98.44% | ★★★★★☆ |
Beeks Financial Cloud Group | 22.12% | 36.94% | ★★★★★☆ |
Vinanz | 113.60% | 125.86% | ★★★★★☆ |
Click here to see the full list of 47 stocks from our UK High Growth Tech and AI Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Informa
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Informa plc is an international company that focuses on events, digital services, and academic research across the UK, Continental Europe, the US, China, and other global markets with a market cap of £10.90 billion.
Operations: Informa generates revenue through its diverse segments, including 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 multiple regions, offering a mix of events, digital services, and academic research products that cater to various industries and markets globally.
Informa's strategic maneuvers, including its recent acquisition of Ascential plc and the expansion of its Informa Festivals business, underscore its commitment to enhancing its global footprint in luxury and lifestyle markets. This is evident from the strengthened partnership with Monaco, now encompassing over 15 brands such as BOAT International. Financially, Informa has demonstrated robustness with a notable revenue increase to £1.7 billion for the first half of 2024, up from £1.52 billion year-over-year. However, net income dipped to £147.3 million from £253.5 million in the previous period due to significant one-off losses totaling £213.5 million affecting profitability metrics like return on equity which is projected at a modest 11.8% in three years' time despite an anticipated earnings growth rate of 22.5% annually.
Click to explore a detailed breakdown of our findings in Informa's health report.
Evaluate Informa's historical performance by accessing our past performance report.
Sage Group
Simply Wall St Growth Rating: ★★★★☆☆
Overview: The Sage Group plc, along with its subsidiaries, offers technology solutions and services tailored for small and medium businesses across the United States, the United Kingdom, France, and other international markets with a market capitalization of approximately £10.22 billion.
Operations: Sage Group generates revenue primarily from its technology solutions and services, with significant contributions from North America (£1.01 billion) and Europe (£595 million). The company serves small and medium businesses across various international markets, including the United Kingdom and Ireland.
Sage Group, amid evolving market dynamics, is enhancing its technological offerings and financial performance. The company's commitment to innovation is evident in its R&D spending trends, which have strategically focused on integrating advanced payment technologies like VoPay into its Sage Business Cloud Payroll system. This move addresses critical efficiency issues within SMBs by automating direct deposits and streamlining payroll processes—key factors likely boosting Sage's revenue growth by 7.7% annually. Furthermore, with earnings expected to rise by 15.1% per year, Sage outpaces the broader UK market forecast of 14%. Such strategic initiatives not only refine client services but also position Sage favorably against competitors in the high-tech landscape of the UK.
Dive into the specifics of Sage Group here with our thorough health report.
Understand Sage Group's track record by examining our Past report.
Spirent Communications
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Spirent Communications plc offers automated test and assurance solutions across various regions including the Americas, Asia Pacific, Europe, the Middle East, and Africa, with a market cap of £1.01 billion.
Operations: Spirent Communications focuses on providing automated test and assurance solutions, with its Networks & Security segment contributing $258.50 million in revenue.
Spirent Communications, navigating through a challenging landscape marked by a significant one-off loss of $18.0M last year, still projects robust earnings growth at 40.5% annually, outpacing the UK market's 14%. Despite this optimism, revenue growth projections remain modest at 5.1% per year. The firm's recent strategic pivot to enhance its 5G Fixed Wireless Access (FWA) testing services underscores its commitment to innovation in high-demand sectors, potentially driving future revenue streams and improving customer satisfaction in the competitive communications market. This focus on cutting-edge technology and service optimization could be pivotal for Spirent as it seeks to recover and expand its market footprint amidst fluctuating profit margins—down from last year’s 12.8% to this year’s more modest 3%.
Next Steps
Dive into all 47 of the UK High Growth Tech and AI Stocks we have identified here.
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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 LSE:INF LSE:SGE and LSE:SPT.
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