High Growth Tech Stocks To Watch In The UK October 2024

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The UK market has recently experienced some turbulence, with the FTSE 100 and FTSE 250 indices both closing lower due to weak trade data from China, highlighting concerns about global economic recovery and its impact on sectors closely tied to Chinese demand. In this context, identifying high-growth tech stocks in the UK involves looking for companies that can thrive despite broader market challenges, leveraging innovation and adaptability to navigate uncertain economic conditions.

Top 10 High Growth Tech Companies In The United Kingdom

Name

Revenue Growth

Earnings Growth

Growth Rating

STV Group

13.15%

46.78%

★★★★★☆

Gaming Realms

11.57%

22.07%

★★★★★☆

YouGov

14.29%

29.79%

★★★★★☆

Facilities by ADF

52.00%

144.70%

★★★★★☆

Redcentric

4.89%

63.79%

★★★★★☆

Windar Photonics

63.60%

126.92%

★★★★★☆

LungLife AI

100.61%

100.97%

★★★★★☆

Beeks Financial Cloud Group

24.63%

57.95%

★★★★★☆

Oxford Biomedica

21.00%

93.64%

★★★★★☆

Vinanz

113.60%

125.86%

★★★★★☆

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

Below we spotlight a couple of our favorites from our exclusive screener.

Craneware

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Craneware plc, along with its subsidiaries, specializes in developing, licensing, and supporting healthcare software solutions in the United States and has a market capitalization of £710.03 million.

Operations: With a focus on healthcare software, Craneware generates revenue primarily from its software solutions segment, totaling $189.27 million.

Craneware's strategic maneuvers, including a recent partnership with Microsoft Azure, underscore its commitment to integrating advanced cloud and AI solutions for the U.S. healthcare sector. This collaboration enhances their Trisus platform, evidenced by a 26.8% surge in past year earnings and an 8.2% annual revenue growth rate, outpacing the UK market's 3.6%. Despite a modest forecasted Return on Equity of 12.2% over three years, Craneware is poised for robust future earnings growth at an estimated 25.6% annually, signaling strong potential amidst evolving industry demands.

AIM:CRW Earnings and Revenue Growth as at Oct 2024
AIM:CRW Earnings and Revenue Growth as at Oct 2024

Genus

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Genus plc is an animal genetics company with operations across North America, Latin America, the United Kingdom, Europe, the Middle East, Russia, Africa, and Asia and has a market cap of approximately £1.35 billion.

Operations: Genus plc generates revenue primarily through its Genus ABS and Genus PIC segments, contributing £314.90 million and £352.50 million respectively. The company's operations span multiple regions, including North America, Latin America, Europe, and Asia.