Exploring High Growth Tech Stocks In The UK October 2024

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In the last week, the United Kingdom market has been flat, but over the past 12 months, it has risen by 6.6%, with earnings forecasted to grow by 14% annually. In this context of steady growth and optimistic forecasts, identifying high-growth tech stocks involves focusing on companies that demonstrate strong innovation potential and adaptability within this dynamic sector.

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.

We'll examine a selection from our screener results.

Informa

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Informa plc is an international company specializing in events, digital services, and academic research across the UK, Europe, the US, China, and other global markets with a market cap of £10.78 billion.

Operations: Informa generates revenue through its four main segments: Informa Tech (£426.70 million), Informa Connect (£630.20 million), Informa Markets (£1.67 billion), and Taylor & Francis (£636.70 million). The company operates internationally, providing a diverse range of services in events, digital services, and academic research across various regions including the UK, Europe, the US, and China.

Informa, a UK-based entity, is navigating through a dynamic phase with its earnings projected to surge by 22.5% annually. Despite facing challenges like a significant one-off loss of £213.5M impacting recent financials, the company's strategic moves are noteworthy. Recent endeavors include the acquisition of Ascential plc, enhancing its Informa Festivals business and strengthening long-term partnerships such as with Monaco, expanding beyond traditional markets into luxury lifestyle sectors. Moreover, Informa's commitment to innovation is evident from its R&D spending trends which have been pivotal in driving these expansions and partnerships. This blend of strategic acquisitions alongside robust R&D investment underscores Informa’s adaptability and forward-thinking approach in the high-growth tech landscape of the UK.

LSE:INF Earnings and Revenue Growth as at Oct 2024
LSE:INF Earnings and Revenue Growth as at Oct 2024

Sage Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: The Sage Group plc offers technology solutions and services for small and medium businesses across the United States, the United Kingdom, France, and other international markets, with a market capitalization of approximately £10.07 billion.

Operations: Sage Group generates revenue primarily from its technology solutions and services for small and medium businesses, with significant contributions from North America (£1.01 billion) and Europe (£595 million). The company operates in multiple regions, including the United Kingdom & Ireland, which contributes £488 million to its revenue.

Sage Group, a key player in the UK's tech sector, is demonstrating robust growth with its earnings and revenue outpacing industry averages. With a 28.4% increase in earnings over the past year surpassing the software industry's 21.2%, and projected annual revenue growth at 7.7%, Sage is navigating well above the UK market forecast of 3.5%. This financial vigor is complemented by strategic initiatives like their recent partnership with VoPay, which integrates advanced payment technologies into Sage’s platforms, enhancing efficiency for SMBs—a segment critical to their ecosystem. Moreover, R&D investments remain a cornerstone of their strategy, ensuring continuous innovation and competitive edge in a rapidly evolving market.

LSE:SGE Earnings and Revenue Growth as at Oct 2024
LSE:SGE Earnings and Revenue Growth as at Oct 2024

Spirent Communications

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Spirent Communications plc offers automated test and assurance solutions across the Americas, Asia Pacific, Europe, the Middle East, and Africa with a market capitalization of £1.01 billion.

Operations: Spirent Communications generates revenue primarily from its Networks & Security segment, which accounts for $258.50 million. The company's gross profit margin shows a notable trend, reflecting its operational efficiency in delivering automated test and assurance solutions globally.

Spirent Communications is navigating a challenging landscape with a recent net loss, yet it maintains a positive outlook with expected earnings growth of 40.5% annually. This optimism is bolstered by their pioneering work in 5G Fixed Wireless Access and Wi-Fi 7 testing solutions, addressing the accelerating demand for advanced network performance evaluations and robust connectivity standards. Their strategic focus on R&D has led to significant investments amounting to $26.3 million, representing an increase from previous years and underscoring their commitment to innovation in high-stakes tech environments. Despite setbacks, Spirent's projected revenue growth of 5.1% suggests resilience and adaptability in a competitive market.

LSE:SPT Earnings and Revenue Growth as at Oct 2024
LSE:SPT Earnings and Revenue Growth as at Oct 2024

Key Takeaways

  • Unlock our comprehensive list of 47 UK High Growth Tech and AI Stocks by clicking here.

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Searching for a Fresh Perspective?

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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