The United Kingdom's stock market has recently faced challenges, with the FTSE 100 and FTSE 250 indices experiencing declines due to weak trade data from China, highlighting concerns about global economic recovery and its impact on commodity-driven sectors. In this environment of fluctuating market sentiment, identifying high growth tech stocks requires a focus on companies with robust innovation capabilities and resilience to external economic pressures.

Top 10 High Growth Tech Companies In The United Kingdom

Click here to see the full list of 45 stocks from our UK High Growth Tech and AI Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

IDOX

Simply Wall St Growth Rating: ★★★★☆☆

Overview: IDOX plc is a company that offers software and services for managing local government and other organizations globally, with a market capitalization of £280.94 million.

Operations: IDOX plc generates revenue through its software and services, primarily from three segments: Land Property & Public Protection (£50.91 million), Communities (£14.99 million), and Assets (£14.75 million). The company operates in the UK, US, Europe, and internationally.

IDOX, a UK-based tech firm, is making significant strides in local government digital modernization and election services. Recently awarded a EUR 2.8 million contract in Malta and a £2.4 million deal with North Yorkshire Council, IDOX is central to streamlining governance processes through technology. With an anticipated revenue increase of approximately 20% to £87.6 million and recurring revenue growth to about £54 million, the company's financial trajectory appears robust. These developments underscore IDOX's pivotal role in enhancing service delivery amidst governmental restructuring efforts across the UK, positioning it favorably for sustained growth in an evolving market landscape.

• Unlock comprehensive insights into our analysis of IDOX stock in this health report.

• Learn about IDOX's historical performance.

Nexxen International

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 £531.07 million.

Operations: The company generates revenue primarily through its marketing services, amounting to $349.11 million.

Nexxen International is carving a niche in the digital convergence and connected TV markets, recently launching Nexxen U to enhance industry knowledge across multiple digital platforms. This initiative, coupled with strategic amendments to company bylaws and a robust share repurchase program, underscores Nexxen's commitment to innovation and shareholder value. With reported sales growth from $80.09 million to $90.18 million year-over-year and a shift from a net loss to a net income of $14.54 million, the firm is positioning itself as an adaptive player in tech's evolving landscape. These moves are pivotal as Nexxen aims to navigate through the complexities of modern media consumption and advertising efficacy, setting a precedent for future growth in these sectors.

• Dive into the specifics of Nexxen International here with our thorough health report.

• Understand Nexxen International's track record by examining our Past report.

YouGov

Simply Wall St Growth Rating: ★★★★★☆

Overview: YouGov plc is a company that offers online market research services across various regions including the United Kingdom, the Americas, the Middle East, Mainland Europe, Africa, and the Asia Pacific with a market capitalization of £429.86 million.

Operations: The company generates revenue primarily through three segments: Research (£177.70 million), Data Products (£83.80 million), and Consumer Panel Services (£74.20 million). The business focuses on providing online market research services across multiple regions, leveraging its data products and consumer panels to deliver insights.

Amidst investor activism calling for strategic overhauls, YouGov's recent performance paints a complex picture. Despite facing a net loss of £2.4 million in the latest fiscal year, down from a previous net income of £34.5 million, the company is navigating through challenging waters with an annual revenue growth rate of 8.5%, outpacing the UK market average of 3.5%. The firm is also expected to pivot into profitability within three years, forecasting earnings growth at an impressive rate of 55% annually. This anticipated turnaround is critical as it reflects not only recovery but also potential expansion in its core market sectors, underpinned by strategic reviews and possible leadership changes to realign with long-term goals.

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

• Gain insights into YouGov's historical performance by reviewing our past performance report.

Seize The Opportunity

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Want To Explore Some Alternatives?

• 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.

Companies discussed in this article include AIM:IDOX AIM:NEXN and AIM:YOU.

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