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High Growth Tech Stocks in the UK for October 2024

High Growth Tech Stocks in the UK for October 2024

Over the last 7 days, the United Kingdom market has risen by 1.6%, contributing to an impressive 11% climb over the past year, with earnings anticipated to grow by 14% annually in the coming years. In this favorable environment, high growth tech stocks stand out as promising opportunities due to their potential for innovation and expansion within a thriving market landscape.

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 uncover some gems from our specialized screener.

Simply Wall St Growth Rating: ★★★★☆☆

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

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

GB Group, amidst a challenging tech landscape, demonstrates promising growth potential with expected revenue increases of 6.3% annually, outpacing the UK market’s average of 3.5%. This growth is underscored by a significant anticipated surge in earnings, projected at nearly 89.8% per year. Despite current unprofitability, the company’s strategic focus on R&D could catalyze future gains; however, its return on equity is forecasted to remain low at 3.4%. Recently enhancing shareholder value, GB Group declared a final dividend of 4.20 pence in July and is poised to reveal its first half of 2025 sales results soon, which could provide further insights into its operational trajectory and market positioning within the high-tech sector.

AIM:GBG Revenue and Expenses Breakdown as at Oct 2024

AIM:GBG Revenue and Expenses Breakdown as at Oct 2024

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Informa plc is an international company specializing in events, digital services, and academic research with operations across the UK, Continental Europe, the US, China, and other global markets; it has a market cap of £11.11 billion.

Operations: Informa generates revenue primarily from its four segments: Informa Tech (£426.70 million), Informa Connect (£630.20 million), Informa Markets (£1.67 billion), and Taylor & Francis (£636.70 million). The company’s diverse operations span events, digital services, and academic research across various global markets including the UK, Europe, the US, and China.

Informa, a key player in the global B2B events sector, is set to outpace the UK market with its revenue growth forecast at 7.4% annually, significantly above the national average of 3.5%. This growth trajectory is supported by strategic acquisitions such as Ascential plc, enhancing Informa’s offerings in luxury and lifestyle sectors. Despite a challenging past marked by a one-off loss of £213.5 million impacting earnings, future prospects appear robust with earnings expected to surge by 22.5% per year. Additionally, Informa’s commitment to innovation is evident from its R&D investments which are critical for maintaining its competitive edge in high-growth tech markets across Europe and beyond.

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

LSE:INF Revenue and Expenses Breakdown as at Oct 2024

Simply Wall St Growth Rating: ★★★★☆☆

Overview: The Sage Group plc, along with its subsidiaries, offers technology solutions and services tailored for small and medium businesses across the United States, the United Kingdom, France, and other international markets, with a market capitalization of approximately £10.24 billion.

Operations: Sage Group generates revenue primarily from its technology solutions and services, with North America contributing £1.01 billion and Europe £595 million. The company focuses on serving small and medium businesses internationally.

Sage Group, a stalwart in the UK tech landscape, is navigating through dynamic shifts with a keen focus on enhancing its software solutions. The company’s recent partnership with VoPay to integrate advanced payment technologies into Sage Business Cloud underscores its commitment to streamlining financial operations for SMBs. This strategic move not only addresses efficiency challenges faced by 51% of businesses still reliant on manual spreadsheets but also fortifies Sage’s market position by embedding essential financial services within its offerings. Financially, Sage has demonstrated robust performance with a revenue uptick of 9% in the latest quarter, pushing nine-month figures to £1.73 billion. Moreover, their R&D investment strategy remains aggressive, aligning well with an anticipated earnings growth of 15.1% per year and revenue projections growing at 7.7% annually—outpacing the broader UK market significantly.

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

LSE:SGE Earnings and Revenue Growth as at Oct 2024

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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.

Companies discussed in this article include AIM:GBG LSE:INF and LSE:SGE.

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