In the current Australian market landscape, the ASX 200 futures are indicating a slight dip of -0.2% amid geopolitical tensions and mixed economic signals, while unemployment remains stable at 4.1%. Against this backdrop, high growth tech stocks like Pro Medicus are garnering attention for their potential to thrive in uncertain conditions by leveraging innovation and adaptability to navigate market challenges.
Name | Revenue Growth | Earnings Growth | Growth Rating |
---|---|---|---|
Gratifii | 42.14% | 113.99% | ★★★★★★ |
Pro Medicus | 22.19% | 23.49% | ★★★★★★ |
WiseTech Global | 20.15% | 25.52% | ★★★★★★ |
Wrkr | 56.40% | 116.83% | ★★★★★★ |
AVA Risk Group | 29.15% | 108.15% | ★★★★★★ |
Echo IQ | 61.50% | 65.86% | ★★★★★★ |
BlinkLab | 65.54% | 64.35% | ★★★★★★ |
Immutep | 70.42% | 42.39% | ★★★★★☆ |
Adveritas | 52.34% | 88.83% | ★★★★★★ |
SiteMinder | 19.89% | 69.58% | ★★★★★☆ |
Click here to see the full list of 47 stocks from our ASX High Growth Tech and AI Stocks screener.
Let's dive into some prime choices out of from the screener.
★★★★★★
Pro Medicus Limited is a healthcare informatics company that develops and supplies imaging software and radiology information system services to hospitals, imaging centers, and healthcare groups across Australia, North America, and Europe, with a market cap of A$28.92 billion.
Operations: Pro Medicus Limited generates revenue primarily through the production of integrated software applications for the healthcare industry, totaling A$184.58 million. The company's operations span Australia, North America, and Europe, focusing on imaging software and radiology information systems for medical facilities.
Pro Medicus, a standout in the Australian tech landscape, exemplifies robust growth with its revenue and earnings forecast to expand at 22.2% and 23.5% per annum respectively, significantly outpacing the broader market's expectations. This performance is bolstered by strategic share repurchases, with a recent buyback of 28,326 shares for AUD 6.35 million enhancing shareholder value. Additionally, inclusion in the S&P International 700 and Global 1200 indices not only underscores its market relevance but also augments its visibility among global investors. The company's commitment to innovation is evident from its R&D initiatives aimed at advancing healthcare technology solutions—a sector witnessing rapid growth due to increasing demand for efficient medical services.
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