High Growth Tech Stocks To Explore In October 2024

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The United Kingdom market has shown robust performance, climbing 1.6% over the last week and rising 11% over the past year, with earnings forecasted to grow by 14% annually. In this favorable environment, identifying high-growth tech stocks involves looking for companies with strong innovation potential and scalability that can capitalize on these positive market conditions.

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%

★★★★★☆

YouGov

14.29%

29.79%

★★★★★☆

Altitude Group

23.46%

27.56%

★★★★★☆

Facilities by ADF

52.00%

144.70%

★★★★★☆

Redcentric

4.89%

63.79%

★★★★★☆

Windar Photonics

63.60%

126.92%

★★★★★☆

Oxford Biomedica

21.00%

98.44%

★★★★★☆

Thruvision Group

20.76%

63.31%

★★★★★☆

Beeks Financial Cloud Group

22.12%

36.94%

★★★★★☆

Click here to see the full list of 46 stocks from our UK High Growth Tech and AI Stocks screener.

Let's dive into some prime choices out of from the screener.

GB Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: GB Group plc, along with its subsidiaries, offers identity data intelligence solutions across the UK, US, Australia, and globally, with a market cap of £824.92 million.

Operations: The company generates revenue through three main segments: Identity (£156.06 million), Location (£81.07 million), and Fraud (£40.20 million).

GB Group, amid a challenging landscape for tech firms in the UK, is navigating its path towards profitability with an expected revenue growth of 6.3% annually, outpacing the broader UK market's 3.5%. Despite current unprofitability, the company's strategic focus on innovation is evident from its R&D investments and a projected sharp rise in earnings by 89.8% annually. Recently declaring a dividend increase to 4.20 pence reflects confidence in its financial health and future prospects. With these developments and an anticipated shift into profitability within three years, GB Group is positioning itself as a resilient contender in the evolving tech sector.

AIM:GBG Revenue and Expenses Breakdown as at Oct 2024
AIM:GBG Revenue and Expenses Breakdown as at Oct 2024

Informa

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Informa plc is an international company that specializes in events, digital services, and academic research across the United Kingdom, Continental Europe, the United States, China, and other global markets with a market capitalization of £11.11 billion.

Operations: Informa generates revenue primarily through its segments: Informa Markets (£1.67 billion), Informa Connect (£630.2 million), Informa Tech (£426.7 million), and Taylor & Francis (£636.7 million). The company operates across various global markets, focusing on events, digital services, and academic research.