High Growth Tech Stocks in France to Watch This October 2024

As France's CAC 40 Index climbs nearly 4% amid hopes for interest rate cuts and China's new stimulus measures, the European market sentiment appears optimistic, particularly benefiting technology stocks. In this favorable environment, identifying high-growth tech stocks requires a focus on innovation and market adaptability to capitalize on the current economic trends.

Top 10 High Growth Tech Companies In France

Name	Revenue Growth	Earnings Growth	Growth Rating
Icape Holding	17.24%	33.91%	★★★★★☆
Archos	25.98%	77.41%	★★★★★☆
Valneva	28.00%	25.49%	★★★★★☆
VusionGroup	28.35%	81.78%	★★★★★★
Munic	26.73%	149.96%	★★★★★☆
Oncodesign Société Anonyme	14.68%	101.18%	★★★★★☆
Adocia	70.20%	63.97%	★★★★★☆
Valbiotis	33.52%	39.79%	★★★★★☆
beaconsmind	28.59%	133.36%	★★★★★★
Pherecydes Pharma Société anonyme	63.30%	78.85%	★★★★★☆

Click here to see the full list of 42 stocks from our Euronext Paris High Growth Tech and AI Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

OVH Groupe (ENXTPA:OVH)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: OVH Groupe S.A. offers public and private cloud, shared hosting, and dedicated server products and solutions globally, with a market cap of €1.29 billion.

Operations: OVH Groupe S.A. generates revenue primarily from three segments: Public Cloud (€169.01 million), Private Cloud (€589.61 million), and Web Cloud (€185.43 million). The company focuses on providing a range of cloud solutions to a global customer base, leveraging its expertise in both public and private cloud services as well as web hosting solutions.

OVH Groupe, amidst a challenging landscape, shows promising signs with an expected annual earnings growth of 101.1%, signaling a robust turnaround from its current unprofitable status. This growth is underpinned by significant investments in R&D, crucial for maintaining competitiveness in the fast-evolving tech sector; however, specifics on the exact figures for these expenses were not disclosed. Despite a volatile share price recently, OVH's revenue is projected to increase by 9.7% annually, outpacing the French market's average of 5.7%. These forecasts reflect not only OVH's potential resilience but also its capacity to adapt and potentially lead in innovation-driven sectors moving forward.

• Get an in-depth perspective on OVH Groupe's performance by reading our health report here.

• Assess OVH Groupe's past performance with our detailed historical performance reports.

Planisware SAS (ENXTPA:PLNW)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Planisware SAS is a business-to-business software-as-a-service provider with operations in Europe, the Americas, the Asia-Pacific, and internationally, and has a market cap of approximately €1.93 billion.

Operations: Planisware SAS generates revenue primarily from its Software & Programming segment, which amounted to €156.44 million. The company operates across Europe, the Americas, the Asia-Pacific, and internationally.

Planisware SAS, a French tech entity, demonstrates robust growth with earnings increasing by 32.6% over the past year, surpassing the software industry's average of 10.8%. This upward trajectory is supported by a revenue growth forecast of 16.1% annually, significantly outpacing the broader French market's expectation of 5.7%. Notably, Planisware has committed to enhancing its competitive edge through strategic R&D investments, which have been integral in achieving a high Return on Equity projected at 26.3% in three years' time. These financial indicators not only underscore Planisware’s strong performance but also highlight its potential to further influence and capitalize on emerging tech trends.

• Unlock comprehensive insights into our analysis of Planisware SAS stock in this health report.

• Gain insights into Planisware SAS' historical performance by reviewing our past performance report.

VusionGroup (ENXTPA:VU)

Simply Wall St Growth Rating: ★★★★★★

Overview: VusionGroup S.A. offers digitalization solutions for commerce across Europe, Asia, and North America with a market cap of approximately €2.47 billion.

Operations: VusionGroup S.A. generates revenue primarily from installing and maintaining electronic shelf labels, amounting to approximately €830.16 million. The company operates in Europe, Asia, and North America, providing digitalization solutions for commerce.

VusionGroup S.A. is navigating a challenging landscape with a net loss this year, contrasting sharply with last year's profit, yet it forecasts an impressive revenue growth of 28.4% annually, outstripping the French market's 5.7%. This growth is fueled by strategic partnerships like the one with Ace Hardware, leveraging VusionGroup’s digital shelf label technology to enhance retail efficiency and customer engagement across over 5,000 stores. Moreover, the company's commitment to R&D is evident as expenses are projected to bolster innovations like VusionOX and VusionCloud platforms which integrate seamlessly into retail operations. With earnings expected to surge by approximately 81.8% annually in coming years and an ambitious expansion into technological solutions for retail environments, VusionGroup demonstrates potential despite current profitability challenges.

• Click to explore a detailed breakdown of our findings in VusionGroup's health report.

• Examine VusionGroup's past performance report to understand how it has performed in the past.

Summing It All Up

• Gain an insight into the universe of 42 Euronext Paris High Growth Tech and AI Stocks by clicking here.
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Seeking Other Investments?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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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