Top High Growth Tech Stocks To Watch In France August 2024

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As the European markets experience a boost from the Paris Olympics and growing optimism around potential interest rate cuts by the ECB, France's CAC 40 Index has gained momentum, reflecting positive sentiment among investors. In this favorable environment, identifying high-growth tech stocks becomes crucial for capitalizing on market opportunities; these stocks often exhibit strong revenue growth, innovative products or services, and robust market positioning.

Top 10 High Growth Tech Companies In France

Name

Revenue Growth

Earnings Growth

Growth Rating

Icape Holding

16.18%

35.08%

★★★★★☆

Cogelec

11.32%

24.06%

★★★★★☆

VusionGroup

21.32%

25.74%

★★★★★★

Munic

26.68%

149.17%

★★★★★☆

Adocia

59.08%

63.00%

★★★★★★

Oncodesign Société Anonyme

14.68%

101.18%

★★★★★☆

Valneva

24.22%

28.34%

★★★★★☆

Pherecydes Pharma Société anonyme

63.30%

78.85%

★★★★★☆

OSE Immunotherapeutics

30.02%

5.91%

★★★★★☆

beaconsmind

31.75%

106.73%

★★★★★★

Click here to see the full list of 43 stocks from our Euronext Paris High Growth Tech and AI Stocks screener.

Let's uncover some gems from our specialized screener.

Esker

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Esker SA operates a cloud platform for finance and customer service professionals in France and internationally, with a market cap of €1.39 billion.

Operations: Esker SA generates revenue primarily through its software and programming services, amounting to €190.92 million. The company focuses on providing cloud solutions for finance and customer service sectors across various regions.

Software firms are increasingly moving to SaaS models, ensuring recurring revenue from subscriptions. Esker’s earnings are forecast to grow 25.4% annually, outpacing the French market's 12.3%. Despite a recent 16.8% earnings drop, its R&D expenses of €24 million (€1.2 billion market value) highlight a commitment to innovation in AI and automation solutions for clients like TSMC and Apple. The company repurchased shares this year, signaling confidence in its growth trajectory amidst M&A rumors involving Bridgepoint Group.

ENXTPA:ALESK Revenue and Expenses Breakdown as at Aug 2024
ENXTPA:ALESK Revenue and Expenses Breakdown as at Aug 2024

Lectra

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Lectra SA provides industrial intelligence solutions for the fashion, automotive, and furniture markets across Northern Europe, Southern Europe, the Americas, and the Asia Pacific with a market cap of €1.04 billion.

Operations: Lectra generates revenue primarily from the Americas (€172.65 million) and Asia-Pacific (€118.54 million), focusing on industrial intelligence solutions for various markets. The company's cost structure and profit margins are not detailed in the provided data, limiting further financial analysis.