High Growth Tech Stocks to Watch in the UK October 2024

Over the last 7 days, the United Kingdom market has remained flat, yet it is up 7.5% over the past year with earnings forecasted to grow by 14% annually. In this context of steady growth and positive forecasts, identifying high-growth tech stocks involves looking for companies with innovative solutions and strong potential to outpace broader market trends.

Top 10 High Growth Tech Companies In The United Kingdom

Name	Revenue Growth	Earnings Growth	Growth Rating
STV Group	13.15%	46.78%	★★★★★☆
Gaming Realms	11.57%	22.07%	★★★★★☆
YouGov	14.29%	29.79%	★★★★★☆
Facilities by ADF	52.00%	144.70%	★★★★★☆
Redcentric	4.89%	63.79%	★★★★★☆
Windar Photonics	63.60%	126.92%	★★★★★☆
LungLife AI	100.61%	100.97%	★★★★★☆
Oxford Biomedica	21.00%	98.44%	★★★★★☆
Beeks Financial Cloud Group	22.12%	36.94%	★★★★★☆
Vinanz	113.60%	125.86%	★★★★★☆

Click here to see the full list of 47 stocks from our UK High Growth Tech and AI Stocks screener.

Here's a peek at a few of the choices from the screener.

Capita (LSE:CPI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Capita plc is a company that offers consulting, digital, and software products and services to both private and public sector clients in the UK and internationally, with a market cap of approximately £354.11 million.

Operations: Capita generates revenue primarily from two segments: Capita Experience (£1.12 billion) and Capita Public Service (£1.49 billion). The company focuses on providing a range of consulting, digital, and software services to both private and public sector clients in the UK and internationally.

Capita, navigating through a challenging landscape, has shown promising signs of recovery and strategic positioning within the UK's high-tech sector. Despite being unprofitable currently, Capita is expected to turn a corner with forecasted earnings growth at an impressive rate of 52.1% per year. This potential turnaround is underscored by their recent extension of the Data Communications Company License, securing up to £135 million over two years, reflecting strong governmental and industry reliance on their services for the UK’s smart meter project. Moreover, R&D investment remains a cornerstone of their strategy to stay relevant in evolving tech markets; however specific figures highlighting this commitment were not disclosed in the provided data.

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

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

Informa (LSE:INF)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Informa plc is an international company specializing in events, digital services, and academic research across the United Kingdom, Continental Europe, the United States, China, and other regions worldwide with a market capitalization of £10.83 billion.

Operations: Informa generates revenue through its 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 operations span events, digital services, and academic research across multiple regions globally.

Informa's trajectory in the high-growth tech landscape of the UK is notably marked by a strategic expansion and partnership deepening, particularly with Monaco, enhancing its stronghold in luxury and lifestyle markets. Despite a challenging past with a significant one-off loss of £213.5 million affecting last year's financials, Informa is steering towards recovery with anticipated revenue growth at 6.9% annually—outpacing the UK market average of 3.5%. The firm also showcases robust future prospects with expected profit surges at an impressive 22.5% yearly rate. Moreover, Informa has committed to substantial R&D investments aimed at innovation and maintaining competitive edge in its sector, although specific expenditure figures were not disclosed.

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

• Gain insights into Informa's historical performance by reviewing our past performance report.

Sage Group (LSE:SGE)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: The Sage Group plc, along with its subsidiaries, offers technology solutions and services tailored for small and medium businesses across the United States, the United Kingdom, France, and other international markets with a market capitalization of approximately £10.07 billion.

Operations: Sage Group generates revenue primarily from technology solutions and services for small and medium businesses, with significant contributions from North America (£1.01 billion) and Europe (£595 million). The company operates in key markets including the United States, the United Kingdom, France, and other international regions.

Sage Group, a key player in the UK's tech sector, is navigating through a transformative phase with substantial investments in its Sage Business Cloud portfolio. With R&D expenses geared towards innovation, the company reported a significant 9% revenue increase to £585 million in Q3 2024. This growth trajectory is supported by strategic partnerships like the one with VoPay, which integrates advanced payment technologies into Sage's platforms, enhancing efficiency for SMBs. Moreover, Sage's commitment to R&D has positioned it well within the high-growth tech landscape of the UK, despite forecasts suggesting a moderate annual revenue growth of 7.7%. This figure surpasses the UK market average of 3.5%, indicating that while not top of class, Sage holds promising prospects bolstered by technological advancements and strategic market positioning.

• Delve into the full analysis health report here for a deeper understanding of Sage Group.

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

Key Takeaways

• Embark on your investment journey to our 47 UK High Growth Tech and AI Stocks selection here.
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Looking For Alternative Opportunities?

• 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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