High Growth Canadian Tech Stocks to Watch in September 2024
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As the Canadian TSX has experienced a modest decline of about 3% amid broader market volatility and softening labor markets in both the U.S. and Canada, investors are keenly watching how central bank policies might shift in response to these economic signals. In this environment, identifying high-growth tech stocks that can navigate these uncertainties becomes crucial for long-term portfolio resilience.
Top 10 High Growth Tech Companies In Canada
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Docebo | 14.70% | 33.96% | ★★★★★☆ |
| Constellation Software | 16.17% | 23.55% | ★★★★★☆ |
| HIVE Digital Technologies | 54.20% | 100.27% | ★★★★★☆ |
| GameSquare Holdings | 38.08% | 86.64% | ★★★★★☆ |
| Blackline Safety | 22.54% | 162.50% | ★★★★★☆ |
| Medicenna Therapeutics | 62.37% | 57.20% | ★★★★★☆ |
| Cineplex | 7.33% | 179.27% | ★★★★☆☆ |
| Sabio Holdings | 12.97% | 122.50% | ★★★★☆☆ |
| BlackBerry | 20.61% | 76.74% | ★★★★★☆ |
| Alpha Cognition | 62.98% | 69.54% | ★★★★★☆ |
Click here to see the full list of 24 stocks from our TSX High Growth Tech and AI Stocks screener.
Let's dive into some prime choices out of from the screener.
Constellation Software
Simply Wall St Growth Rating: ★★★★★☆
Overview: Constellation Software Inc., along with its subsidiaries, acquires, builds, and manages vertical market software businesses across Canada, the United States, Europe, and internationally; it has a market cap of CA$90.38 billion.
Operations: Constellation Software generates revenue primarily from its Software & Programming segment, which accounts for CA$9.27 billion. The company focuses on acquiring and managing vertical market software businesses globally.
Constellation Software reported a notable revenue increase to $2.47 billion in Q2 2024, up from $2.04 billion the previous year, showcasing its robust financial health. The launch of Omegro, encompassing over 30 business units and serving more than 15,000 customers globally, underscores its strategic expansion in diverse software applications like ERP and CRM. With R&D expenses contributing significantly to innovation and growth, Constellation's earnings are forecasted to grow at an impressive annual rate of 23.6%, surpassing the Canadian market average of 15.1%.
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Click to explore a detailed breakdown of our findings in Constellation Software's health report.
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Evaluate Constellation Software's historical performance by accessing our past performance report.
Kinaxis
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Kinaxis Inc. offers cloud-based subscription software for supply chain operations across various regions including the United States, Europe, Asia, and Canada, with a market cap of CA$4.26 billion.
Operations: Kinaxis Inc. generates revenue primarily from its cloud-based subscription software for supply chain operations, with the Software & Programming segment contributing $457.72 million. The company operates in multiple regions, including the United States, Europe, Asia, and Canada.