In This Article:
In the current Australian market landscape, the ASX200 has recently experienced a downturn, closing down 0.9% at 7,890 points with IT being the worst-performing sector. Despite this challenging environment, identifying high-growth tech stocks requires careful consideration of their innovation potential and resilience in navigating volatile conditions.
Top 10 High Growth Tech Companies In Australia
Name | Revenue Growth | Earnings Growth | Growth Rating |
---|---|---|---|
Telix Pharmaceuticals | 20.02% | 33.35% | ★★★★★★ |
Gratifii | 42.14% | 113.99% | ★★★★★★ |
Pro Medicus | 22.56% | 23.74% | ★★★★★★ |
WiseTech Global | 20.48% | 25.55% | ★★★★★★ |
BlinkLab | 65.54% | 64.35% | ★★★★★★ |
Wrkr | 51.62% | 116.83% | ★★★★★★ |
AVA Risk Group | 29.15% | 108.15% | ★★★★★★ |
Mesoblast | 56.12% | 62.11% | ★★★★★★ |
SiteMinder | 21.12% | 65.36% | ★★★★★★ |
Opthea | 58.62% | 66.94% | ★★★★★★ |
Click here to see the full list of 52 stocks from our ASX High Growth Tech and AI Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Dropsuite
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Dropsuite Limited, with a market cap of A$403.29 million, operates a global cloud-based software platform through its subsidiaries.
Operations: The company generates revenue primarily from the provision of backup services, amounting to A$41.17 million.
Dropsuite, an Australian tech firm, is navigating a dynamic growth trajectory with its annual revenue expected to climb by 19.3%, outpacing the national market average of 5.9%. Despite a challenging year that saw earnings decline by 47.7%, the company's forward-looking indicators are robust, with earnings projected to surge by 33.8% annually. This growth is underpinned by significant R&D investments which have been crucial in driving innovation and maintaining competitive edge in the software industry. Recently, Dropsuite has also been targeted for acquisition by NinjaOne Australia Pty Ltd for AUD 410 million, underscoring its strategic value and potential in the high-growth tech sector. This move could further enhance Dropsuite’s market position and fuel its expansion strategy moving forward.
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Click here to discover the nuances of Dropsuite with our detailed analytical health report.
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Understand Dropsuite's track record by examining our Past report.
Nuix
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Nuix Limited offers investigative analytics and intelligence software solutions across various regions including the Asia Pacific, the Americas, Europe, the Middle East, and Africa with a market cap of approximately A$1.13 billion.
Operations: Nuix generates revenue primarily from its Software & Programming segment, which accounted for A$227.32 million. The company's business model focuses on providing investigative analytics and intelligence software solutions across multiple regions.