High Growth Tech Stocks in Canada Featuring Constellation Software
In This Article:
Over the last 7 days, the Canadian market has risen by 1.0%, and over the past year, it has climbed 22%, with earnings expected to grow by 15% per annum in the coming years. In this promising environment, identifying high growth tech stocks such as Constellation Software can be key for investors looking to capitalize on innovation and robust market performance.
Top 10 High Growth Tech Companies In Canada
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Docebo | 14.54% | 34.05% | ★★★★★☆ |
| HIVE Digital Technologies | 48.71% | 94.27% | ★★★★★☆ |
| Constellation Software | 16.17% | 23.55% | ★★★★★☆ |
| GameSquare Holdings | 38.08% | 86.64% | ★★★★★☆ |
| Blackline Safety | 22.29% | 121.23% | ★★★★★☆ |
| Medicenna Therapeutics | 62.37% | 57.20% | ★★★★★☆ |
| Cineplex | 7.22% | 179.27% | ★★★★☆☆ |
| BlackBerry | 24.17% | 79.50% | ★★★★★☆ |
| Alpha Cognition | 62.98% | 69.54% | ★★★★★☆ |
| Sernova | 76.56% | 74.04% | ★★★★★☆ |
Click here to see the full list of 23 stocks from our TSX High Growth Tech and AI Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Constellation Software
Simply Wall St Growth Rating: ★★★★★☆
Overview: Constellation Software Inc., along with its subsidiaries, specializes in acquiring, building, and managing vertical market software businesses across Canada, the United States, Europe, and internationally, with a market cap of CA$92.57 billion.
Operations: The company generates revenue primarily from its Software & Programming segment, amounting to $9.27 billion. It focuses on acquiring and managing vertical market software businesses across various regions globally.
With a robust 33.5% earnings growth over the past year outstripping the software industry's average of 1.9%, Constellation Software demonstrates a compelling trajectory in tech innovation. This growth is underpinned by significant R&D investment, aligning with an industry-wide shift towards SaaS models which promise recurring revenue streams. Recent financials underscore this momentum, with Q2 revenues soaring to $2.47 billion from $2.04 billion year-over-year and net income nearly doubling to $177 million. Looking ahead, forecasts suggest an annual earnings increase of 23.6%, potentially outpacing broader market expectations by a substantial margin, positioning Constellation as a dynamic player in Canada's tech landscape.
Docebo
Simply Wall St Growth Rating: ★★★★★☆
Overview: Docebo Inc. is a company that offers an AI-powered learning management software platform, serving clients in North America and internationally, with a market cap of CA$1.81 billion.