Exploring Three High Growth Tech Stocks In The United Kingdom

The United Kingdom's FTSE 100 index recently closed lower amid weak trade data from China, indicating that global economic challenges continue to affect market sentiment. In this environment, identifying high-growth tech stocks can be crucial for investors looking to navigate the volatility and capitalize on sectors less tied to traditional economic cycles.

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%	★★★★★☆
YouGov	14.29%	29.79%	★★★★★☆
Trustpilot Group	16.23%	31.98%	★★★★★☆
Redcentric	4.89%	63.79%	★★★★★☆
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%	★★★★★☆
Genus	4.24%	39.40%	★★★★☆☆

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 (AIM:CRW)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Craneware plc, with a market cap of £817.91 million, develops, licenses, and supports computer software for the healthcare industry in the United States.

Operations: Craneware plc focuses on developing, licensing, and supporting healthcare software in the United States, generating revenue primarily from its Healthcare Software segment, which brought in $189.27 million. The company operates within the healthcare industry and targets U.S.-based clients with its specialized software solutions.

Craneware's recent earnings report highlighted a revenue increase to $189.27 million, up from $174.02 million the previous year, and net income rising to $11.7 million from $9.23 million, showcasing robust financial health. The company's strategic collaboration with Microsoft Azure aims to enhance its Trisus Platform through advanced AI and data analytics, potentially driving further innovation in healthcare solutions. With an 8.2% annual revenue growth forecast and anticipated earnings growth of 25.6%, Craneware is positioned for significant expansion within the UK tech sector. The focus on R&D is evident as Craneware continues to invest heavily in innovation, leveraging Microsoft's cloud platform for enhanced capabilities and cost efficiencies through their MACC agreement. This partnership not only broadens market reach but also accelerates product development cycles, ensuring that Craneware remains at the forefront of healthcare technology advancements while maintaining a strong financial trajectory with high-quality earnings growth projected at 26.8%.

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

• Evaluate Craneware's historical performance by accessing our past performance report.

LBG Media (AIM:LBG)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: LBG Media plc operates as an online media publisher across the United Kingdom, Ireland, Australia, the United States, and internationally with a market cap of £280.17 million.

Operations: LBG Media plc generates revenue primarily from its online media publishing activities, amounting to £67.51 million. The company operates in multiple regions including the United Kingdom, Ireland, Australia, and the United States.

LBG Media's revenue growth of 7.5% over the past year, coupled with a forecasted annual revenue increase of 11.7%, positions it favorably within the UK tech sector, especially against the broader market's 3.7% forecast. Despite a significant one-off loss of £4.2M impacting recent financial results, LBG Media is expected to achieve substantial earnings growth at an impressive rate of 43.8% annually over the next three years, outpacing both industry and market averages. Investments in R&D have been pivotal for LBG Media; their focus on innovation has contributed to maintaining competitive advantage and driving future growth prospects despite current challenges like lower profit margins (0.9%) compared to last year's 8.6%. The company's strategic initiatives are anticipated to bolster its position in digital media and entertainment, aligning well with evolving industry trends towards AI-driven content creation and distribution platforms.

• Click here to discover the nuances of LBG Media with our detailed analytical health report.

• Assess LBG Media's past performance with our detailed historical performance reports.

Genus (LSE:GNS)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Genus plc is an animal genetics company with operations spanning North America, Latin America, the United Kingdom, Europe, the Middle East, Russia, Africa, and Asia and has a market cap of approximately £1.12 billion.

Operations: Genus plc generates revenue primarily through its two main segments: Genus ABS, which contributed £314.90 million, and Genus PIC, which added £352.50 million. The company operates globally across multiple regions including North America, Latin America, and Asia.

Genus, a UK tech firm, reported a significant one-off loss of £47.8M impacting its financial results for the year ending June 30, 2024. Despite this setback, earnings are forecast to grow at an impressive rate of 39.4% annually over the next three years. The company has invested heavily in R&D with expenses reaching £58M last year, driving innovation in their biotech segment which could bolster future growth prospects. Revenue is expected to grow at 4.2% per year, outpacing the broader UK market's forecasted growth of 3.7%.

• Dive into the specifics of Genus here with our thorough health report.

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

Summing It All Up

• Discover the full array of 46 UK High Growth Tech and AI Stocks right here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

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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