In This Article:
Over the last 7 days, the Australian market has remained flat, but it has risen 10.0% over the past 12 months with earnings forecast to grow by 12% annually. In this environment, identifying high growth tech stocks that can outperform becomes crucial for investors looking to capitalize on robust earnings potential and market momentum.
Top 10 High Growth Tech Companies In Australia
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Infomedia | 7.59% | 21.65% | ★★★★★☆ |
| Clinuvel Pharmaceuticals | 21.42% | 26.50% | ★★★★★★ |
| AVA Risk Group | 32.46% | 118.83% | ★★★★★★ |
| Doctor Care Anywhere Group | 23.44% | 96.41% | ★★★★★★ |
| Megaport | 13.60% | 32.52% | ★★★★★☆ |
| Enlitic | 104.77% | 94.35% | ★★★★★☆ |
| DUG Technology | 10.90% | 32.21% | ★★★★★☆ |
| Wrkr | 32.87% | 124.86% | ★★★★★★ |
| Adveritas | 50.14% | 144.21% | ★★★★★★ |
| SiteMinder | 19.34% | 61.62% | ★★★★★☆ |
Click here to see the full list of 53 stocks from our ASX High Growth Tech and AI Stocks screener.
Let's explore several standout options from the results in the screener.
Codan
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Codan Limited develops technology solutions for United Nations organizations, security and military groups, government departments, individuals, and small-scale miners with a market cap of A$2.76 billion.
Operations: Codan Limited generates revenue primarily from its Communications segment (A$326.91 million) and Metal Detection segment (A$219.85 million). The company's technology solutions cater to a diverse clientele, including security and military groups, government departments, and small-scale miners.
Codan Limited's revenue growth of 9% annually, while slower than the 20% benchmark, still surpasses the Australian market's 5.4%. Over the past year, earnings surged by 20.1%, significantly outpacing the electronic industry’s -3.8%. With R&D expenses contributing to innovative advancements, Codan reported a net income of AUD 81.39 million for FY2024 compared to AUD 67.7 million previously and announced an ordinary fully franked dividend of AUD 0.12 per share for H2 FY2024.
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Navigate through the intricacies of Codan with our comprehensive health report here.
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Examine Codan's past performance report to understand how it has performed in the past.
REA Group
Simply Wall St Growth Rating: ★★★★☆☆
Overview: REA Group Limited, along with its subsidiaries, operates an online property advertising business across Australia, India, the United States, Malaysia, Singapore, Thailand, Vietnam and other international markets with a market cap of A$28.81 billion.
Operations: REA Group generates revenue primarily through its property and online advertising segment in Australia (A$1.25 billion), financial services in Australia (A$320.60 million), and operations in India (A$103.10 million). The company operates across multiple international markets, leveraging its online platforms to connect property buyers, sellers, renters, and real estate agents.