Home » IDOX And 2 Promising UK Tech Stocks With High Growth Potential

IDOX And 2 Promising UK Tech Stocks With High Growth Potential

IDOX And 2 Promising UK Tech Stocks With High Growth Potential

The United Kingdom’s stock market has recently faced challenges, with the FTSE 100 and FTSE 250 indices slipping due to weak trade data from China, highlighting concerns about global economic recovery and its impact on commodity-dependent sectors. In such a fluctuating environment, identifying high-growth tech stocks like IDOX and others can offer potential opportunities for investors seeking resilience and innovation amidst broader market uncertainties.

Name

Revenue Growth

Earnings Growth

Growth Rating

Gaming Realms

11.57%

22.07%

★★★★★☆

STV Group

13.15%

46.78%

★★★★★☆

Facilities by ADF

48.47%

189.97%

★★★★★☆

Redcentric

5.32%

67.90%

★★★★★☆

Windar Photonics

42.38%

56.12%

★★★★★☆

Oxford Biomedica

21.20%

92.53%

★★★★★☆

YouGov

8.52%

55.02%

★★★★★☆

Beeks Financial Cloud Group

22.12%

36.94%

★★★★★☆

Seeing Machines

21.40%

97.67%

★★★★★☆

Vinanz

113.60%

125.86%

★★★★★☆

Click here to see the full list of 49 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: IDOX plc offers software and services to manage local government and other organizations across the UK, US, Europe, and internationally, with a market cap of £273.64 million.

Operations: The company generates revenue primarily from three segments: Assets (£14.75 million), Communities (£14.99 million), and Land Property & Public Protection (£50.91 million).

IDOX is navigating a transformative phase with strategic executive appointments and robust financial forecasts, signaling potential in the high-growth tech sector. Recently, the company projected a significant revenue increase to approximately £87.6 million for FY 2024, up about 20% from the previous year, with recurring revenues also rising to around £54 million. These figures underscore IDOX’s commitment to strengthening its market position through innovation and leadership in geospatial and digital technologies. Moreover, their R&D investments are pivotal in supporting this growth trajectory; however, specific R&D expenditure figures were not disclosed. With new leadership like Alex Wrottesley at the helm of its Geospatial Division and an expected annual earnings growth of 22.8%, IDOX is strategically poised to capitalize on expanding tech demands while enhancing shareholder value through focused operational strategies.

AIM:IDOX Revenue and Expenses Breakdown as at Dec 2024

Simply Wall St Growth Rating: ★★★★☆☆