The United Kingdom's stock market has recently faced challenges, with the FTSE 100 and FTSE 250 indices experiencing declines amid concerns over weak trade data from China, highlighting the interconnectedness of global economies. In this environment, identifying high growth tech stocks such as IDOX becomes crucial as investors seek companies that can thrive despite broader market uncertainties and economic pressures.

Top 10 High Growth Tech Companies In The United Kingdom

Click here to see the full list of 43 stocks from our UK High Growth Tech and AI Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

IDOX

Simply Wall St Growth Rating: ★★★★☆☆

Overview: IDOX plc, with a market cap of £269.03 million, offers software and services for managing local government and other organizations across the UK, US, Europe, and internationally through its subsidiaries.

Operations: IDOX generates revenue primarily from three segments: Land Property & Public Protection (£55.26 million), Communities (£17.44 million), and Assets (£14.89 million). The company provides software solutions and services designed to enhance the management efficiency of local governments and organizations across various regions, including the UK, US, and Europe.

IDOX's strategic moves, including a significant 17% dividend increase and securing a €2.8 million contract for election services in Malta, underscore its robust positioning within the tech sector. Despite a slight dip in net income from GBP 5.58 million to GBP 5.26 million year-over-year, the company's sales surged by nearly 20% to GBP 87.6 million, reflecting strong market demand and operational efficiency. This growth trajectory is complemented by IDOX's commitment to innovation and expansion in digital services for local governments, as evidenced by the recent £2.4 million deal with North Yorkshire Council aimed at streamlining public sector infrastructure—a critical step aligned with governmental restructuring goals across the UK.

• Delve into the full analysis health report here for a deeper understanding of IDOX.

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

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 cap of £504.79 million.

Operations: The company's primary revenue stream is from its marketing services, generating $349.11 million. The business focuses on connecting advertisers with publishers in Israel through its software platform.

Nexxen International's recent launch of Nexxen U Connected TV and digital convergence initiatives demonstrates its commitment to shaping the industry through education and collaboration, a move that could significantly enhance its market positioning. With a notable turnaround in financial performance, reporting an increase in sales from USD 80.09 million to USD 90.18 million year-over-year and swinging from a net loss of USD 1.2 million to a net income of USD 14.54 million, Nexxen is capitalizing on emerging tech trends effectively. Additionally, the company's proactive approach in amending its corporate governance aligns with best practices, further solidifying investor confidence as it repurchased $50 million worth of shares, underscoring strong financial health and commitment to shareholder value.

• Get an in-depth perspective on Nexxen International's performance by reading our health report here.

• Assess Nexxen International's past performance with our detailed historical performance reports.

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 £424.02 million.

Operations: The company generates revenue through three primary segments: Research (£177.70 million), Data Products (£83.80 million), and Consumer Panel Services (£74.20 million).

YouGov, amidst a dynamic leadership reshuffle, is steering towards profitability with an expected earnings growth of 56% annually. The company's recent executive changes, including the appointment of Stephan Shakespeare as interim CEO, align with strategic adjustments aimed at enhancing operational efficiency and market responsiveness. Forecasted to outpace UK market revenue growth with a 7.7% annual increase, YouGov is investing in AI and data products to capitalize on tech-driven market opportunities while navigating challenging economic conditions that pressure client budgets. This strategic pivot towards high-margin offerings could position YouGov favorably within the competitive landscape as it aims to leverage its unique data analytics capabilities for sustainable growth.

• Click here and access our complete health analysis report to understand the dynamics of YouGov.

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

Taking Advantage

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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.

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

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