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High Growth Tech Stocks In France To Explore October 2024

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As European markets face downward pressure, with France's CAC 40 Index dropping 1.52% amid expectations of a slower monetary policy easing by the Federal Reserve, investors are keenly observing high-growth tech sectors that could offer opportunities despite broader economic challenges. In this context, identifying promising tech stocks involves looking for companies that demonstrate robust innovation and adaptability in an environment where growth stocks have shown resilience over value counterparts.

Top 10 High Growth Tech Companies In France

Name

Revenue Growth

Earnings Growth

Growth Rating

Icape Holding

17.24%

33.91%

★★★★★☆

Archos

24.36%

78.41%

★★★★★☆

Valneva

22.84%

18.29%

★★★★★☆

Valbiotis

43.33%

42.78%

★★★★★☆

beaconsmind

25.00%

85.04%

★★★★★★

Oncodesign Société Anonyme

14.68%

101.18%

★★★★★☆

Munic

42.94%

174.09%

★★★★★☆

VusionGroup

28.35%

81.72%

★★★★★★

Adocia

70.20%

63.97%

★★★★★☆

Pherecydes Pharma Société anonyme

63.30%

78.85%

★★★★★☆

Click here to see the full list of 39 stocks from our Euronext Paris High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

Esker

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Esker SA operates a cloud platform designed for finance and customer service professionals both in France and internationally, with a market capitalization of €1.55 billion.

Operations: The company generates revenue primarily from its Software & Programming segment, amounting to €203.05 million.

Esker, a French tech firm, is navigating a dynamic growth trajectory with its recent Q3 revenue hitting €51.0 million, marking a 17% year-over-year increase. This performance is underpinned by an aggressive R&D investment strategy that not only fuels innovation but also aligns with its forward-looking growth forecasts in earnings and revenue—projected at 26.7% and 11.8% annually, respectively. Amidst this financial expansion, Esker remains at the forefront of the M&A landscape with a significant acquisition proposal valued at €1.58 billion by General Atlantic and Bridgepoint Group, highlighting its strategic market position and potential for sustained growth in the competitive software sector.

ENXTPA:ALESK Revenue and Expenses Breakdown as at Oct 2024
ENXTPA:ALESK Revenue and Expenses Breakdown as at Oct 2024

OVH Groupe

Simply Wall St Growth Rating: ★★★★☆☆

Overview: OVH Groupe S.A. is a global provider of public and private cloud services, shared hosting, and dedicated server solutions with a market cap of approximately €1.66 billion.

Operations: OVH Groupe generates revenue primarily from its private cloud services, contributing €589.61 million, followed by web cloud and public cloud services at €185.43 million and €169.01 million respectively. The company's focus on diverse cloud solutions positions it as a significant player in the global market for these services.