Stock Analysis

Top High Growth Tech Stocks in the United Kingdom for September 2024

LSE:TRST
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The market in the United Kingdom has been flat in the last week, but it is up 9.7% over the past year, with earnings expected to grow by 14% per annum over the next few years. In this promising environment, identifying high growth tech stocks that can capitalize on these favorable conditions is crucial for investors looking to maximize their returns.

Top 10 High Growth Tech Companies In The United Kingdom

NameRevenue GrowthEarnings GrowthGrowth Rating
STV Group13.15%46.78%★★★★★☆
Altitude Group23.46%27.56%★★★★★☆
Filtronic21.83%33.45%★★★★★★
YouGov14.31%29.79%★★★★★☆
Redcentric4.89%63.79%★★★★★☆
LungLife AI100.61%100.97%★★★★★☆
Trustpilot Group16.23%31.98%★★★★★☆
IQGeo Group11.49%63.61%★★★★★☆
Beeks Financial Cloud Group24.63%57.95%★★★★★☆
Vinanz113.60%125.86%★★★★★☆

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

Let's review some notable picks from our screened stocks.

Tracsis (AIM:TRCS)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Tracsis plc, with a market cap of £209.33 million, provides software and hardware solutions along with data analytics/GIS services for the rail, traffic data, and transportation industry.

Operations: With a market cap of £209.33 million, Tracsis plc generates revenue primarily from two segments: Rail Technology & Services (£34.59 million) and Data, Analytics, Consultancy & Events (£44.80 million).

Tracsis, a leader in the tech sector, is poised for significant growth with earnings projected to rise 40.6% annually over the next three years, outpacing the broader UK market's 14.4%. Their revenue growth forecast at 6.3% per year surpasses the UK's average of 3.7%, highlighting robust performance despite not hitting high-growth benchmarks above 20%. Tracsis' R&D expenses underscore their commitment to innovation, with £5M invested last year driving advancements in their software solutions for transportation and infrastructure sectors.

AIM:TRCS Earnings and Revenue Growth as at Sep 2024
AIM:TRCS Earnings and Revenue Growth as at Sep 2024

Informa (LSE:INF)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Informa plc operates as an international events, digital services, and academic research company in the United Kingdom, Continental Europe, the United States, China, and internationally with a market cap of approximately £11.02 billion.

Operations: Informa generates revenue primarily through its four 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 portfolio encompasses international events, digital services, and academic research across various regions including the UK, Europe, the US, and China.

Informa's revenue is forecast to grow at 6.7% per year, outpacing the UK market average of 3.7%. Despite a significant one-off loss of £213.5M impacting recent financial results, earnings are projected to rise by 21.5% annually over the next three years, indicating strong future potential. The company has invested substantially in R&D, with expenditures contributing to innovations in their media and events segments. Additionally, Informa repurchased 41.67 million shares for £338.9M in the first half of 2024, reflecting confidence in its long-term growth strategy.

LSE:INF Revenue and Expenses Breakdown as at Sep 2024
LSE:INF Revenue and Expenses Breakdown as at Sep 2024

Trustpilot Group (LSE:TRST)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Trustpilot Group plc operates an online review platform for businesses and consumers across the United Kingdom, North America, Europe, and internationally, with a market cap of £877.35 million.

Operations: Trustpilot Group plc generates revenue primarily through its Internet Information Providers segment, amounting to $176.36 million. The company focuses on developing and hosting an online review platform for a global audience.

Trustpilot Group's revenue is forecast to grow at 16.2% per year, significantly outpacing the broader UK market's 3.7% growth rate. The company's earnings are expected to surge by 32% annually over the next three years, reflecting robust future potential. This growth trajectory is supported by substantial investments in R&D, with expenditures contributing to innovative enhancements in their review platform and services segments. Recently, Trafalgar Acquisition SARL indicated plans to sell up to 12.5 million shares through an accelerated bookbuild process, highlighting ongoing investor interest and activity around Trustpilot.

LSE:TRST Revenue and Expenses Breakdown as at Sep 2024
LSE:TRST Revenue and Expenses Breakdown as at Sep 2024

Summing It All Up

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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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