Home » Exploring High Growth Tech Stocks in the United Kingdom This September 2024

Exploring High Growth Tech Stocks in the United Kingdom This September 2024

Exploring High Growth Tech Stocks in the United Kingdom This September 2024

The United Kingdom’s FTSE 100 index recently faltered, closing 0.4 percent lower at 7,527.42, influenced by weak trade data from China and a broader global economic slowdown. Amid these challenging market conditions, identifying high-growth tech stocks requires a focus on companies with robust innovation pipelines and strong market adaptability to navigate the current economic headwinds effectively.

Top 10 High Growth Tech Companies In The United Kingdom

Name Revenue Growth Earnings Growth Growth Rating
STV Group 13.15% 46.78% ★★★★★☆
Altitude Group 23.46% 27.56% ★★★★★☆
YouGov 14.29% 29.79% ★★★★★☆
Redcentric 4.89% 63.79% ★★★★★☆
Trustpilot Group 16.23% 31.98% ★★★★★☆
LungLife AI 100.61% 100.97% ★★★★★☆
IQGeo Group 11.49% 63.61% ★★★★★☆
Beeks Financial Cloud Group 24.63% 57.95% ★★★★★☆
Vinanz 113.60% 125.86% ★★★★★☆
Spirent Communications 5.51% 40.77% ★★★★☆☆

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

Below we spotlight a couple of our favorites from our exclusive screener.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Craneware plc, with a market cap of £828.40 million, develops, licenses, and supports computer software for the healthcare industry in the United States.

Operations: Craneware plc’s primary revenue stream is derived from its healthcare software segment, generating $189.27 million. The company focuses on developing, licensing, and supporting computer software tailored for the U.S. healthcare industry.

Craneware’s earnings surged by 26.8% over the past year, surpassing the Healthcare Services industry growth of 9.3%. The company’s revenue is forecast to grow at 8.2% annually, outpacing the UK market’s 3.7%. With a strategic collaboration with Microsoft Azure, Craneware aims to enhance its Trisus Platform using advanced AI tools and services, potentially driving further innovation and efficiency in healthcare operations. R&D expenses reflect significant investment in future growth areas, ensuring sustained competitive advantage.

AIM:CRW Revenue and Expenses Breakdown as at Sep 2024

Simply Wall St Growth Rating: ★★★★☆☆

Overview: LBG Media plc is an online media publisher with operations in the United Kingdom, Ireland, Australia, the United States, and internationally, and has a market cap of £281.21 million.

Operations: LBG Media plc generates revenue primarily from its online media publishing activities, amounting to £67.51 million. The company operates across several regions including the United Kingdom, Ireland, Australia, and the United States.

LBG Media’s earnings are forecast to grow at an impressive 43.8% annually, significantly outpacing the UK market’s 14.4%. Despite a one-off loss of £4.2M impacting its financial results for the year ending December 2023, revenue grew by 7.5%. The company’s R&D expenses reflect substantial investment in future growth areas, ensuring sustained competitive advantage and innovation in digital media. Revenue is expected to increase by 11.7% per year, faster than the UK’s average of 3.7%, positioning LBG Media as a dynamic player in high-growth tech.

AIM:LBG Revenue and Expenses Breakdown as at Sep 2024
AIM:LBG Revenue and Expenses Breakdown as at Sep 2024

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Informa plc operates as an international events, digital services, and academic research company across various regions including the United Kingdom, Continental Europe, the United States, and China, with a market cap of £11.11 billion.

Operations: The company generates revenue through four primary segments: Informa Tech (£426.70 million), Informa Connect (£630.20 million), Informa Markets (£1.67 billion), and Taylor & Francis (£636.70 million). The largest revenue contributor is the Informa Markets segment, followed by Taylor & Francis and Informa Connect.

Informa’s earnings are forecast to grow at 21.5% annually, outpacing the UK market’s 14.4%. Despite a one-off loss of £213.5M impacting recent financial results, revenue is expected to increase by 6.7% per year, faster than the UK’s average of 3.7%. In H1 2024, sales reached £1.70B compared to £1.52B a year ago, while net income was down to £147.3M from £253.5M due to exceptional items and strategic investments in R&D and digital transformation initiatives.

LSE:INF Revenue and Expenses Breakdown as at Sep 2024
LSE:INF Revenue and Expenses Breakdown as at Sep 2024

Next Steps

  • Explore the 46 names from our UK High Growth Tech and AI Stocks screener here.
  • Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio’s performance.
  • Join a community of smart investors by using Simply Wall St. It’s free and delivers expert-level analysis on worldwide markets.

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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.

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