Megaport and Two Other Rapidly Growing Tech Stocks in Australia

January 15, 2025 09:32 PM AEDT | By Team Kalkine Media

Megaport and Two Other Rapidly Growing Tech Stocks in Australia

Megaport (ASX:MP1)

Megaport Limited stands out as a provider of on-demand interconnection and internet exchange services globally, boasting a market cap of AUD 1.07 billion. With notable expansions into Brazil and 14 additional European data centers, Megaport has broadened its connectivity reach. The appointment of Mohit Lad as Non-Executive Director brings in expertise to fortify innovation in network solutions. Financial trajectories indicate positivity, with projected annual earnings growth of 27.9% and revenue growth at 10.9% surpassing Australian market averages.

Qoria (ASX:QOR)

Qoria Limited, specializing in cyber safety products, engages in international markets with a market capitalization of AUD 592.41 million. Despite operating amidst unprofitability, projections show significant revenue growth of 15% annually. Recent strategic additions, like appointing Jack Rosagro as Company Secretary, bolster governance, aligning with future tech sector expansions. The company’s anticipated annual earnings growth of 67.1% signals potential for a strong financial turnaround.

Technology One (ASX:TNE)

Technology One Limited offers comprehensive enterprise software solutions on both Australian and global fronts. With a market cap hitting AUD 9.50 billion, the company reports a solid 12.4% increment in revenue paired with a 16.1% rise in earnings annually. The company's strategic Research & Development initiatives underpin its robust growth metrics, further enhanced by a recent increase in its dividend distribution following robust annual results.

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