Exploring Nexxen International And 2 Leading UK Tech Stocks with High Growth Potential

The United Kingdom’s FTSE 100 index has recently experienced declines, influenced by weak trade data from China and falling commodity prices, which have impacted companies closely tied to the Chinese economy. In this challenging market environment, identifying high-growth tech stocks can present opportunities for investors seeking resilience and innovation; Nexxen International and two other leading UK tech companies exemplify such potential.

Top 10 High Growth Tech Companies In The United Kingdom

Click here to see the full list of 47 stocks from our UK High Growth Tech and AI Stocks screener.

We’re going to check out a few of the best picks from our screener tool.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Nexxen International Ltd. offers an end-to-end software platform that enables advertisers to reach publishers and has a market cap of £412.35 million.

Operations: Nexxen International Ltd. generates revenue primarily through its marketing services, which accounted for $334.69 million. The company operates within the advertising technology sector, facilitating connections between advertisers and publishers using its software platform.

Nexxen International’s recent earnings report for Q2 2024 shows a notable turnaround, with sales rising to $88.58 million from $84.25 million and net income reaching $2.92 million, reversing last year’s net loss of $5.61 million. The strategic data partnership with The Trade Desk enhances its ACR data segments’ utility for advertisers, offering advanced cross-channel targeting capabilities across the U.K., Canada, U.S., and Australia markets. Nexxen’s R&D expenses underscore its commitment to innovation, contributing significantly to its projected annual revenue growth of 8.5%, outpacing the UK market average of 3.7%.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Capita plc offers consulting, digital, and software products and services to clients in both the private and public sectors in the United Kingdom and internationally, with a market cap of £320.18 million.

Operations: Capita plc generates revenue primarily through its Capita Experience (£1.12 billion) and Capita Public Service (£1.49 billion) segments, serving both private and public sector clients in the UK and internationally. The company has a market cap of £320.18 million.

Capita’s recent earnings report for H1 2024 revealed a significant turnaround, with net income reaching £53 million compared to a net loss of £84.4 million in the previous year. Despite sales dropping to £1.24 billion from £1.48 billion, the company forecasts annual earnings growth of 52.09%. Notably, Capita has renewed its contract with the Cabinet Office for administering the Royal Mail Statutory Pension Scheme worth £48 million over eight years, leveraging digital capabilities like Microsoft Dynamics integrated into their Hartlink solution.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Informa plc is an international company specializing in events, digital services, and academic research with operations spanning the United Kingdom, Continental Europe, the United States, China, and other global markets; it has a market cap of £10.89 billion.

Operations: Informa plc generates revenue primarily through its four segments: Informa Tech (£426.70 million), Informa Connect (£630.20 million), Informa Markets (£1.67 billion), and Taylor & Francis (£636.70 million). The company operates across various international markets including the UK, Continental Europe, the US, and China.

Informa’s revenue growth forecast of 6.7% annually outpaces the UK market’s 3.7%, though its earnings fell by 11.3% last year due to a £213.5 million one-off loss impacting financial results as of June 30, 2024. Despite this, earnings are expected to surge by an impressive 21.5% per year over the next three years, driven by strategic events and media segments that continue to attract high-profile clients globally. Recent buybacks totaling £338.9 million for 41,673,066 shares indicate strong confidence in future prospects.

Key Takeaways

• Click through to start exploring the rest of the 44 UK High Growth Tech and AI Stocks now.
• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St’s portfolio, where intuitive tools await to help optimize your investment outcomes.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

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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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