High Growth Tech Stocks To Watch In The UK October 2024

In the last week, the United Kingdom market has remained flat, but over the past 12 months, it has experienced an impressive rise of 8.8%, with earnings projected to grow by 14% annually. In this context of steady growth and positive forecasts, identifying high-growth tech stocks involves looking for companies that demonstrate strong innovation potential and adaptability in a dynamic economic landscape.

Top 10 High Growth Tech Companies In The United Kingdom

Name	Revenue Growth	Earnings Growth	Growth Rating
Gaming Realms	11.57%	22.07%	★★★★★☆
STV Group	13.15%	46.78%	★★★★★☆
YouGov	14.29%	29.79%	★★★★★☆
Altitude Group	23.46%	27.56%	★★★★★☆
Facilities by ADF	52.00%	144.70%	★★★★★☆
Redcentric	4.89%	63.79%	★★★★★☆
Windar Photonics	63.60%	126.92%	★★★★★☆
Oxford Biomedica	21.00%	98.44%	★★★★★☆
Beeks Financial Cloud Group	22.12%	36.94%	★★★★★☆
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.

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

IDOX (AIM:IDOX)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: IDOX plc is a company that delivers software and services for managing local government and various organizations across the UK, US, Europe, and internationally with a market capitalization of £272.73 million.

Operations: IDOX plc generates revenue primarily from three segments: Land Property & Public Protection (£50.91 million), Communities (£14.99 million), and Assets (£14.75 million). The company focuses on providing software solutions and services to manage operations for local governments and organizations across multiple regions, including the UK, US, and Europe.

IDOX's strategic positioning within the UK tech sector is underscored by its robust projected earnings growth of 23.9% annually, outpacing the broader UK market expectation of 14%. This growth trajectory is complemented by a solid revenue increase forecast at 7.4% per year, which also surpasses the national market average of 3.6%. Recent executive appointments, including Alex Wrottesley as Director of the Geospatial Division, signal a focused expansion into digital innovation and geospatial data utilization. These leadership changes align with IDOX's commitment to leveraging advanced technology for strategic growth, potentially enhancing its offerings in sectors reliant on precise and innovative data solutions.

• Take a closer look at IDOX's potential here in our health report.

• Examine IDOX's past performance report to understand how it has performed in the past.

Nexxen International (AIM:NEXN)

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 £404.97 million.

Operations: Nexxen International Ltd. generates revenue primarily through its marketing services, amounting to $339.02 million. The company's operations focus on providing a software platform that connects advertisers with publishers in Israel.

Nexxen International's trajectory in the tech sector is marked by a robust partnership ecosystem and significant financial recovery. Recently, Nexxen secured Kinective Media as a preferred platform for United Airlines' traveler media network, enhancing its advertiser clients' reach with innovative data solutions. This move complements their 8.8% annual revenue growth forecast, outpacing the UK market average of 3.6%. Additionally, after overcoming a net loss last year, Nexxen reported a positive net income of USD 2.92 million in Q2 2024 and has strategically partnered with The Trade Desk to provide unique ACR data segments for advanced advertising strategies across multiple channels and devices. These strategic alliances and financial turnaround underscore Nexxen's potential to harness high-profile client relationships and proprietary technology to secure its position in the competitive tech landscape.

• Click to explore a detailed breakdown of our findings in Nexxen International's health report.

• Gain insights into Nexxen International's past trends and performance with our Past report.

M&C Saatchi (AIM:SAA)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: M&C Saatchi plc is a global advertising and marketing communications company operating across the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and the Americas with a market cap of £240.85 million.

Operations: The company specializes in advertising and marketing communications services across various regions, including the UK, Europe, the Middle East, Africa, Asia Pacific, and the Americas. With a market cap of £240.85 million, it generates revenue through diverse service offerings tailored to regional markets.

M&C Saatchi, in its recent half-year financials, showcased a significant recovery with sales hitting GBP 213.55 million and a swing to a net income of GBP 8.11 million from a previous loss. This turnaround is underscored by an earnings growth forecast of 27.4% annually, outstripping the UK market's average. Moreover, the firm's strategic board changes hint at a strengthened governance framework poised to drive future innovations and market adaptability in the dynamic advertising sector.

• Click here to discover the nuances of M&C Saatchi with our detailed analytical health report.

• Gain insights into M&C Saatchi's historical performance by reviewing our past performance report.

Turning Ideas Into Actions

• Reveal the 46 hidden gems among our UK High Growth Tech and AI Stocks screener with a single click here.
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Ready To Venture Into Other Investment Styles?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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