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Over the last 7 days, the Canadian market has risen by 1.0%, and over the past 12 months, it is up by an impressive 27%, with earnings forecasted to grow by 16% annually. In this thriving environment, identifying high-growth tech stocks involves looking for companies that show strong potential for innovation and expansion within Canada's dynamic technology sector.
Top 10 High Growth Tech Companies In Canada
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Docebo | 14.60% | 34.05% | ★★★★★☆ |
| Constellation Software | 16.17% | 23.55% | ★★★★★☆ |
| Wishpond Technologies | 12.29% | 118.36% | ★★★★☆☆ |
| GameSquare Holdings | 38.08% | 86.64% | ★★★★★☆ |
| Blackline Safety | 22.29% | 121.23% | ★★★★★☆ |
| HIVE Digital Technologies | 49.31% | 94.00% | ★★★★★☆ |
| Medicenna Therapeutics | 62.37% | 57.20% | ★★★★★☆ |
| Sabio Holdings | 12.97% | 122.50% | ★★★★☆☆ |
| BlackBerry | 21.68% | 81.78% | ★★★★★☆ |
| Sernova | 78.22% | 74.04% | ★★★★★☆ |
Click here to see the full list of 21 stocks from our TSX High Growth Tech and AI Stocks screener.
Let's uncover some gems from our specialized screener.
Computer Modelling Group
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Computer Modelling Group Ltd. is a software and consulting technology company focused on developing and licensing reservoir simulation and seismic interpretation software, with a market cap of CA$984.21 million.
Operations: The company generates revenue primarily from developing and licensing reservoir simulation and seismic interpretation software, totaling CA$90.29 million. The business model emphasizes software development and consulting services within the energy sector.
Computer Modelling Group Ltd. (CMG) is navigating the high-tech landscape with strategic initiatives that underscore its commitment to growth and innovation, particularly in the carbon capture and storage (CCS) sector. Recently, CMG launched Focus CCS, a simulation tool enhancing CO2 storage site selection efficiency—a critical step towards achieving net-zero targets globally. This product release aligns with a 23.5% expected annual earnings growth over three years, significantly outpacing the Canadian market average of 15.7%. Despite these advancements, CMG's profit margins dipped to 19.7% from last year's 29.2%, reflecting some operational challenges amidst expansion efforts. Moreover, their inclusion in the S&P Global BMI Index underscores recognition of their market influence and potential for further growth within tech sectors focused on sustainability solutions.