The Australian Stock Exchange is blessed with a number of high quality growth shares for investors to choose from. Some like REA Group Limited (ASX: REA) and Domino’s Pizza Enterprises Ltd. (ASX: DMP) are well known to investors for good reason.

In the last 10 years REA Group and Domino’s deservedly gained their reputations as quality growth shares by providing shareholders with an average annual total shareholder return of 33% and 35%, respectively.

This incredible growth means that $10,000 invested in both these companies 10 years ago would be worth approximately $170,000 and $200,000 today.

Listed below are four growth shares that I believe could provide shareholders with strong returns in the future. Time will tell whether they put on the same gains as REA Group and Domino’s were able to in the last 10 years, but things do look very promising for them.

Hansen Technologies Limited (ASX: HSN)

Hansen Technologies develops and supports proprietary customer care and billing solutions for a plethora of service providers within the energy, pay TV, and telecommunications sectors worldwide. One thing I like in particular is its ability to create long-standing relationships with clients, allowing the company to produce consistent earnings and revenue growth.

IPH Ltd (ASX: IPH)

IPH is the leading intellectual property services group in the Asia-Pacific region. It provides a range of IP services to Fortune 500 companies, multinationals, and even individual clients. Its recent interim results were very impressive with significant growth on both the top and bottom lines. According to CommSec, analysts are expecting earnings growth of 22% per annum through to at least FY 2018.

iSentia Group Ltd (ASX: ISD)

I think iSentia is one of Australia’s most exciting companies. It is a leading media intelligence company which provides media monitoring, tracking, and analysis services for some of the largest companies in the world. Its client list consists of Starbucks, Nike, Nestle, and Disney to name just a few. The market is expecting earnings growth of over 40% per annum for the next two years.

Praemium Ltd (ASX: PPS)

This growing fintech company provides software platforms for investment administration, separately managed accounts, and financial planning. Through its 900+ customers it is currently servicing over 300,000 investor accounts. If the rise of separately managed accounts continues, the company’s growth could be explosive. Analysts expect earning growth of over 50% per annum through to 2018.

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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of Hansen Technologies. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.