Stock Analysis

Exploring 3 High Growth Tech Stocks in the United Kingdom

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The Materials sector gained 3.6% while the market remained flat over the last week. Over the past 12 months, the market has risen 6.8%, and earnings are expected to grow by 14% per annum over the next few years. In such a dynamic environment, identifying high-growth tech stocks with strong fundamentals and innovative potential can be key to capitalizing on future opportunities in the United Kingdom's market.

Top 10 High Growth Tech Companies In The United Kingdom

NameRevenue GrowthEarnings GrowthGrowth Rating
Gaming Realms11.57%22.07%★★★★★☆
STV Group13.15%46.78%★★★★★☆
Altitude Group23.46%27.56%★★★★★☆
YouGov14.29%29.79%★★★★★☆
Redcentric4.89%63.79%★★★★★☆
Windar Photonics67.08%130.82%★★★★★☆
LungLife AI100.61%100.97%★★★★★☆
IQGeo Group11.49%63.61%★★★★★☆
Beeks Financial Cloud Group24.63%57.95%★★★★★☆
Vinanz113.60%125.86%★★★★★☆

Click here to see the full list of 44 stocks from our UK High Growth Tech and AI Stocks screener.

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

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 £1.28 billion.

Operations: Genus plc generates revenue primarily through its Genus ABS and Genus PIC segments, contributing £314.90 million and £352.50 million respectively, with a minor contribution from the Central segment at £1.40 million. The company operates globally across various regions including North America, Latin America, Europe, the Middle East, Russia, Africa, and Asia.

Genus, a leader in animal genetics, anticipates earnings growth of 39.4% annually over the next three years. However, the company faced a significant one-off loss of £47.8M in the past year, impacting its financial results to June 30, 2024. Despite this setback and negative earnings growth of -76.3%, Genus's R&D expenses underscore its commitment to innovation in biotechnology, with revenue forecasted to grow at 4.1% per year—outpacing the UK's market average of 3.7%.

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

NCC Group (LSE:NCC)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: NCC Group plc operates in the cyber and software resilience sectors across the United Kingdom, Asia-Pacific, North America, and Europe, with a market cap of £555.87 million.

Operations: NCC Group plc generates revenue primarily from its Cyber Security segment (£258.50 million) and Escode segment (£65.90 million). The company operates across multiple regions, including the United Kingdom, Asia-Pacific, North America, and Europe.

NCC Group anticipates significant earnings growth of 87.41% annually, showcasing its potential in the tech sector despite a recent net loss of £24.9 million for the year ended May 31, 2024. The company's R&D expenses underscore its commitment to innovation, with a notable investment contributing to future advancements. With revenue projected to grow at 4.5% per year—outpacing the UK's market average of 3.7%—NCC remains a key player in cybersecurity and risk mitigation services for high-profile clients globally.

LSE:NCC Earnings and Revenue Growth as at Sep 2024
LSE:NCC Earnings and Revenue Growth as at Sep 2024

Sage Group (LSE:SGE)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally, with a market cap of £10.15 billion.

Operations: Sage Group generates revenue primarily from technology solutions and services aimed at small and medium businesses across Europe (£595 million), North America (£1.01 billion), and the United Kingdom & Ireland (£488 million). The company has a market cap of £10.15 billion.

Sage Group's recent partnership with VoPay enhances its Sage Business Cloud Payroll by integrating advanced payment technology, addressing inefficiencies for SMBs. The company reported a 9% revenue increase to £585 million in Q3 2024, driven by growth in its cloud portfolio. R&D expenses reflect a strong commitment to innovation, with notable investments supporting future advancements. Earnings are projected to grow at 15.1% annually, outpacing the UK market average of 14.2%, showcasing robust financial health and growth potential within the industry.

LSE:SGE Earnings and Revenue Growth as at Sep 2024
LSE:SGE Earnings and Revenue Growth as at Sep 2024

Where To Now?

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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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