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The Australian market recently experienced a slight uptick, finishing just above the flatline, despite some turbulence from major players like Aristocrat Leisure and Macquarie Group. In this context of mixed performance and investor appetite for tech offerings, exploring high growth tech stocks becomes crucial as they can offer potential opportunities for growth in an otherwise subdued market environment.
Top 10 High Growth Tech Companies In Australia
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Gratifii | 42.14% | 113.99% | ★★★★★★ |
| Pro Medicus | 22.19% | 23.49% | ★★★★★★ |
| WiseTech Global | 20.14% | 25.01% | ★★★★★★ |
| Wrkr | 57.01% | 116.83% | ★★★★★★ |
| AVA Risk Group | 29.15% | 108.15% | ★★★★★★ |
| BlinkLab | 65.54% | 64.35% | ★★★★★★ |
| Pointerra | 50.42% | 159.12% | ★★★★★☆ |
| Immutep | 70.44% | 42.38% | ★★★★★☆ |
| Echo IQ | 61.50% | 65.86% | ★★★★★★ |
| SiteMinder | 19.87% | 69.57% | ★★★★★☆ |
Click here to see the full list of 48 stocks from our ASX High Growth Tech and AI Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Megaport
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Megaport Limited offers on-demand interconnection and internet exchange services to enterprises and service providers across multiple regions, with a market cap of A$2.09 billion.
Operations: The company generates revenue through its on-demand interconnection and internet exchange services, with North America contributing A$117.77 million, Asia-Pacific A$55.29 million, and Europe A$33.85 million.
Despite a challenging year with a 25.9% dip in earnings, Megaport's strategic moves are setting it up for robust future growth, evidenced by its projected annual earnings increase of 40.3%. This growth is significantly above the Australian market's average of 11.7%, highlighting its recovery potential. Recent partnerships, like the one with Aviatrix to enhance encryption across its Network-as-a-Service platform, not only address critical cybersecurity needs but also expand its service capabilities globally—factors likely to drive Megaport’s revenue up by 12.5% annually, outpacing the broader market’s 5.5%.
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Delve into the full analysis health report here for a deeper understanding of Megaport.
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Understand Megaport's track record by examining our Past report.
Technology One
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Technology One Limited develops, markets, sells, implements, and supports integrated enterprise business software solutions in Australia and internationally with a market cap of A$10.60 billion.
Operations: Technology One generates revenue primarily from its software segment, which accounts for A$347.35 million, followed by corporate services at A$87.02 million and consulting services at A$72.17 million. The company's focus on enterprise business software solutions contributes to its market presence both in Australia and internationally.