The United Kingdom’s market has recently experienced a downturn, with the FTSE 100 closing lower due to weak trade data from China, highlighting concerns over global economic recovery and its impact on commodity-dependent sectors. In this challenging environment, identifying high-growth tech stocks in the UK requires focusing on companies that demonstrate resilience and innovation, as they are better positioned to navigate economic uncertainties and capitalize on emerging opportunities.
We’ll examine a selection from our screener results.
Simply Wall St Growth Rating: ★★★★☆☆
Overview: GB Group plc, with a market cap of £944.43 million, offers identity data intelligence products and services across the United Kingdom, the United States, Australia, and globally.
Operations: GB Group plc generates revenue through three main segments: Identity (£159.78 million), Location (£83.94 million), and Fraud (£38.14 million).
GB Group, transitioning from a challenging past to promising growth, has recently pivoted into profitability with its latest earnings report showcasing a significant recovery. For the half-year ended September 30, 2024, the company’s sales increased to £136.9 million from £132.36 million year-over-year, and it swung to a net income of £1.58 million from a previous net loss of £55.15 million. This turnaround is underscored by an expected annual earnings growth rate of 36.6%, outpacing the UK market forecast of 14.6%. Despite slower revenue growth projections at 6.9% annually—above the UK average but below high-growth benchmarks—GB Group’s recent performance and strategic focus on enhancing its software solutions could position it well for sustained future growth in an increasingly digital landscape.
AIM:GBG Earnings and Revenue Growth as at Nov 2024
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Informa plc is an international company specializing in events, digital services, and academic research across the United Kingdom, Continental Europe, the United States, China, and other global markets with a market capitalization of £11.50 billion.
Operations: Informa generates revenue through its four primary segments: Informa Tech (£426.70 million), Informa Connect (£630.20 million), Informa Markets (£1.67 billion), and Taylor & Francis (£636.70 million).
Informa has demonstrated resilience with a forecasted revenue growth of 7.7% per year, outpacing the UK market’s average of 3.5%, despite a challenging backdrop marked by a significant one-off loss of £213.5 million affecting its financial results up to June 30, 2024. The company’s strategic initiatives, including recent fixed-income offerings totaling over €1.74 billion and active participation in global conferences, underscore its commitment to strengthening its market position and expanding its international footprint. Moreover, earnings are expected to surge by an impressive 22.4% annually, highlighting Informa’s potential for robust financial performance amidst evolving industry dynamics.
LSE:INF Revenue and Expenses Breakdown as at Nov 2024
Simply Wall St Growth Rating: ★★★★★☆
Overview: Oxford Biomedica plc is a contract development and manufacturing organization specializing in delivering therapies globally, with a market capitalization of £447.25 million.
Operations: Oxford Biomedica generates revenue primarily from its Platform segment, amounting to £97.24 million. The company operates as a contract development and manufacturing organization, focusing on global therapeutic delivery.
Oxford Biomedica, amid a challenging biotech landscape, stands out with its aggressive growth trajectory, forecasting a revenue increase of 21% per year. This rate significantly surpasses the UK’s average market growth of 3.5%. The company is also poised for substantial earnings expansion, with an expected surge of 93.2% annually. These figures underscore Oxford Biomedica’s commitment to innovation and market expansion, particularly highlighted by their recent strategic executive appointments and robust R&D investments which align with their forward-looking financial guidance projecting revenues between £126 million and £134 million by the end of 2024.
LSE:OXB Revenue and Expenses Breakdown as at Nov 2024
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.
Companies discussed in this article include AIM:GBG LSE:INF and LSE:OXB.
