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Over the last 7 days, the United Kingdom market has experienced a slight decline of 1.0%, yet it remains up by 6.9% over the past year, with earnings projected to grow by 15% annually. In this context, identifying high growth tech stocks such as IDOX and others can be crucial for investors seeking opportunities that align with these dynamic market conditions.

Top 10 High Growth Tech Companies In The United Kingdom

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

Let's dive into some prime choices out of from the screener.

IDOX

Simply Wall St Growth Rating: ★★★★☆☆

Overview: IDOX plc is a company that offers software and services for managing local government and other organizations across the UK, US, Europe, and internationally, with a market capitalization of £287.32 million.

Operations: The company generates revenue through three primary segments: Land Property & Public Protection (£50.91 million), Communities (£14.99 million), and Assets (£14.75 million).

IDOX is navigating a transformative phase with strategic executive appointments aimed at bolstering its geospatial and technology divisions, reflecting a focused drive towards digital innovation. Despite a challenging backdrop with earnings contraction of 6.4% over the past year, IDOX's revenue growth outlook remains positive at 7.4% annually, outpacing the UK market average of 3.6%. More notably, its projected earnings growth rate stands at an impressive 24.9% per year, suggesting robust future profitability aligned with strategic expansions and leadership enhancements in key business segments.

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

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

Nexxen International

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Nexxen International Ltd. offers a comprehensive software platform facilitating connections between advertisers and publishers in Israel, with a market capitalization of £388.62 million.

Operations: The company generates revenue primarily through its marketing services, amounting to $339.02 million.

Nexxen International is poised for significant growth with its expected earnings surge of 70.1% annually, outstripping the UK's average growth rate. Despite current unprofitability, its revenue growth at 8.8% per year surpasses the national market average of 3.6%, indicating a robust potential for future profitability within three years. The company recently enhanced shareholder value through an aggressive share repurchase program, buying back shares worth $50 million, which underscores management's confidence in Nexxen’s strategic direction and financial health. Additionally, the launch of Deal Marketplace demonstrates Nexxen's commitment to innovation by improving advertisers' efficiency and decision-making through advanced targeting capabilities in connected TV and online video platforms—this could redefine engagement strategies in digital advertising landscapes.