The UK market is experiencing turmoil, with the FTSE 100 closing lower on weak trade data from China and a weakening global economy. In this context, identifying high-growth technology stocks is crucial, as they often demonstrate resilience and potential for significant returns even in the face of major market challenges.

The 10 fastest growing technology companies in the UK

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Simply Wall St Growth Rating: ★★★★☆☆

Overview: Nexxen International Ltd. provides a comprehensive software platform for connecting advertisers with publishers and has a market capitalization of £395.50 million.

Operations: Nexxen International Ltd. generates revenue of $334.69 million primarily from its marketing services. The company operates an end-to-end software platform that facilitates connections between advertisers and publishers in Israel.

Nexxen International’s recent partnership with Vevo aims to expand its programmatic footprint by leveraging a massive inventory of over 900,000 music videos and creating additional demand through direct relationships. The company reported revenue of $74.43 million for the first quarter of 2024, up from $71.74 million a year ago, while reducing net loss to $6.87 million from $17.91 million. With R&D expenses representing 8% of revenue and projected profit growth of 116%, Nexxen is positioning itself for significant future growth in the technology sector.

Simply Wall St Growth Rating: ★★★★★☆

Overview: YouGov plc provides online market research services in the United Kingdom, United States, Middle East, Continental Europe and Asia Pacific with a market capitalization of £652.33 million.

Operations: YouGov plc generates its revenue primarily from data products, which accounts for £85.10 million. The company operates in various geographies, including the UK, US, Middle East, Continental Europe and Asia Pacific.

YouGov’s recent executive appointments, including Marc Ryan as Chief Product Officer, signal a strategic focus on improving its audience analytics and brand tracking products. The company is forecasting annual profit growth of 29.8%, comfortably outperforming the UK market at 14.3%. With revenue expected to grow 14.3% per year, YouGov is poised for robust expansion. Research and development spend reached £32 million in the last financial year, underlining the company’s commitment to innovation and product development in a competitive technology landscape.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: NCC Group plc operates in the cyber and software resilience industry in the UK, Asia Pacific, North America and Europe with a market capitalization of £493.27 million.

Operations: NCC Group plc generates revenues primarily from Cyber ​​Security (£258.50 million) and Escode (£65.90 million) businesses. The company operates in several regions including the UK, Asia Pacific, North America and Europe.

NCC Group’s revenue is expected to grow at 4.5% annually, outperforming the UK market at 3.7%. Despite a net loss of £24.9 million for the year ending 31 May 2024 and current unprofitability, NCC is expected to become profitable within three years. The company bought back shares last year and announced a dividend of 3.15 pence per share for October 2024, equivalent to around £10 million. Research and development spending is significant, at £32 million in the last financial year, underlining the company’s commitment to innovating in cybersecurity solutions in the face of evolving digital threats.

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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.

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