3 High Growth Tech Stocks To Watch In The United Kingdom

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The United Kingdom's FTSE 100 index recently closed lower, impacted by weak trade data from China, highlighting the interconnectedness of global markets. In this environment, identifying high-growth tech stocks can be crucial for investors looking to navigate economic uncertainties and capitalize on innovative sectors.

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%

34.03%

★★★★★★

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%

★★★★★☆

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

Here we highlight a subset of our preferred stocks from the screener.

Craneware

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Craneware plc, with a market cap of £796.94 million, develops, licenses, and supports computer software for the healthcare industry in the United States.

Operations: Craneware plc specializes in creating and providing software solutions tailored for the healthcare sector in the United States. The company generates revenue primarily through software licensing and support services.

Craneware, with a robust earnings growth of 26.8% over the past year, outpaced the Healthcare Services industry’s 8%. The company’s revenue is forecast to grow at an annual rate of 8.2%, surpassing the UK market's average of 3.8%. A notable R&D expenditure focus ensures continuous innovation; recent collaborations with Microsoft Azure highlight this commitment, aiming to enhance their Trisus platform and AI capabilities. With net income rising from $9.23 million to $11.7 million and basic EPS increasing from $0.263 to $0.335, Craneware demonstrates solid financial health and strategic growth potential through acquisitions and partnerships in the healthcare sector.

AIM:CRW Earnings and Revenue Growth as at Sep 2024

Tracsis

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Tracsis plc, along with its subsidiaries, offers software and hardware solutions as well as data analytics/GIS services for the rail and transportation sectors, with a market cap of £213.88 million.

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 software and hardware solutions along with data analytics services for the rail and transportation industries.