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High Growth Tech Stocks To Watch In The UK For September 2024

High Growth Tech Stocks To Watch In The UK For September 2024

The London stock market has recently faced challenges, with the FTSE 100 and FTSE 250 indices both closing lower due to weak trade data from China, highlighting concerns about global economic recovery. In this environment, identifying high growth tech stocks in the UK requires a focus on companies that demonstrate strong innovation and resilience amidst broader market volatility.

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%

★★★★★☆

Filtronic

21.83%

33.45%

★★★★★★

YouGov

14.29%

29.79%

★★★★★☆

Redcentric

4.89%

63.79%

★★★★★☆

LungLife AI

100.61%

100.97%

★★★★★☆

Trustpilot Group

16.23%

31.98%

★★★★★☆

IQGeo Group

11.49%

63.61%

★★★★★☆

Beeks Financial Cloud Group

24.63%

57.95%

★★★★★☆

Vinanz

113.60%

125.86%

★★★★★☆

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

We’ll examine a selection from our screener results.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Tracsis plc, with a market cap of £209.33 million, offers software and hardware solutions as well as data analytics and GIS services for the rail, traffic data, and transportation sectors.

Operations: Tracsis generates revenue through two primary segments: Rail Technology & Services (£34.59 million) and Data, Analytics, Consultancy & Events (£44.80 million). The company focuses on providing specialized solutions for the rail, traffic data, and transportation sectors.

Tracsis, a prominent player in the UK tech sector, has demonstrated robust earnings growth of 99.1% over the past year, significantly outpacing the software industry’s 16.2%. The company’s revenue is projected to grow at 6.3% annually, faster than the UK market’s 3.7%. With expected annual profit growth of 40.6%, Tracsis is well-positioned for future expansion. Notably, their R&D expenses reflect a strong commitment to innovation and long-term competitiveness.

AIM:TRCS Revenue and Expenses Breakdown as at Sep 2024

AIM:TRCS Revenue and Expenses Breakdown as at Sep 2024

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Informa plc is an international company specializing in events, digital services, and academic research with operations spanning the United Kingdom, Continental Europe, the United States, China, and other global markets; it has a market cap of £11.02 billion.

Operations: Informa plc generates revenue through four main 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 portfolio spans events, digital services, and academic research across multiple regions including the UK, Continental Europe, the US, and China.

Informa’s revenue growth of 6.7% annually surpasses the UK market’s 3.7%, positioning it for continued expansion in the tech sector. Despite a challenging year with a net income dip to £147.3 million from £253.5 million, the company remains committed to innovation, evidenced by substantial R&D investments driving future competitiveness. Recent share repurchases totaling £338.9 million further indicate confidence in their long-term strategy and shareholder value enhancement.

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

LSE:INF Revenue and Expenses Breakdown as at Sep 2024

Simply Wall St Growth Rating: ★★★★★☆

Overview: Trustpilot Group plc operates an online review platform connecting businesses and consumers across the United Kingdom, North America, Europe, and internationally, with a market cap of £877.35 million.

Operations: Trustpilot Group plc generates revenue primarily from its online review platform, with $176.36 million attributed to the Internet Information Providers segment. The company operates across various regions including the United Kingdom, North America, and Europe.

Trustpilot Group’s revenue is forecast to grow at 16.2% annually, outpacing the UK market’s 3.7%. This growth is bolstered by a significant expected annual profit increase of 32%, highlighting robust future potential. The company has recently become profitable, with earnings projected to rise by 31.98% per year, reflecting strong operational momentum. Software firms like Trustpilot are increasingly adopting SaaS models, ensuring recurring revenue from subscriptions and enhancing long-term stability in the tech sector.

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

LSE:TRST Revenue and Expenses Breakdown as at Sep 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:TRCS LSE:INF and LSE:TRST.

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