The ASX Tech Share Building a Globally Competitive Business

July 25, 2023 07:10 AM AEST | By Team Kalkine Media
 The ASX Tech Share Building a Globally Competitive Business
Image source: Rymden

In the fast-paced world of technology, Australian companies are increasingly making their mark on the global stage. Among these ASX technology stocks, two standout players are Serko Ltd (ASX:SKO) and WAM Microcap Ltd (ASX:WMI). These companies are working diligently to build globally competitive businesses that have caught the attention of investors and analysts alike.

Serko Ltd (ASX:SKO):

Serko is a leading provider of travel and expense management software solutions. The company's innovative platform helps businesses manage their travel expenses efficiently, streamlining the entire process from booking to reimbursement. ASX SKO's solutions have gained significant traction in the corporate travel industry, both in Australia and internationally.

One of Serko's key strengths lies in its technology-driven approach. The company continuously invests in research and development to enhance its software capabilities and stay at the forefront of the industry. As a result, Serko has secured prominent partnerships with major global players, allowing it to expand its market reach and accelerate growth.

The travel industry's recovery from the COVID-19 pandemic is expected to create new opportunities for Serko. As businesses resume travel activities, the demand for efficient expense management solutions is likely to rise, potentially benefiting the company's financial performance and driving further shareholder value.

WAM Microcap Ltd (ASX:WMI):

WAM Microcap is an investment company focused on identifying and investing in promising microcap companies listed on the ASX. Microcap stocks are typically early-stage companies with significant growth potential. WAM Microcap aims to capitalize on this potential by building a portfolio of high-quality microcap stocks that can deliver attractive returns to investors.

The company's investment strategy is backed by an experienced team of investment professionals led by prominent investor Geoff Wilson. ASX WMI's approach involves conducting in-depth research and analysis to identify undervalued companies with strong growth prospects. By taking a long-term view, the company aims to benefit from the compounding effect of growth in its portfolio holdings.

The tech sector is a significant area of focus for WAM Microcap, as it offers ample opportunities for growth and innovation. As technology continues to disrupt traditional industries, microcap tech stocks with disruptive business models and scalable products are likely to be in the spotlight, potentially benefiting WAM Microcap's investment strategy.

Conclusion:

Both Serko Ltd and WAM Microcap represent compelling opportunities in the ASX technology space. Serko's innovative solutions in corporate travel management position it well for growth as the travel industry rebounds. On the other hand, WAM Microcap's investment focus on microcap technology stocks allows investors to gain exposure to promising startups with significant growth potential.

Investors considering exposure to the ASX technology sector may find these companies worth further research. However, it is essential to conduct thorough due diligence and consider individual investment goals and risk tolerance before making any investment decisions. As with all investments, there are inherent risks, and past performance is not indicative of future results. Seeking advice from a licensed financial advisor can provide personalized insights and help align investments with specific financial objectives.


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