In the rapidly changing technology sector, some companies rise to the challenge while many others get left behind. We've all heard of the huge success stories in the US, such as Google, Facebook and Apple.
But an investor doesn't have to venture overseas to get their fill; Australia has its fair share of booming technology and communications companies. Here are some you should consider.
- Altium Limited (ASX: ALU) is a $300 million small-cap technology powerhouse which develops and sells computer software for the design of electronic products. Yesterday it reported its FY14 results which showed a 50% increase in cash flows, 9% increase in dividends and 14% increase in underlying profit.
- Vocus Communications Limited (ASX: VOC) owns and operates global fibre optic networks for high speed and high reliability transmission of critical data for businesses throughout Australia and Asia. Earlier today it reported 38% revenue growth and a 53% increase in profits for FY14.
- Hills Ltd (ASX: HIL) is a recently transformed company which is compiling a suite of security and healthcare related Information Technology (IT) services for the government, business and private sectors. It has no debt and is currently pursuing both acquisitive and organic growth.
- M2 Group Ltd (ASX: MTU) is more a retail telecommunications company than a typical technology company. However it'll benefit from the rise of machine to machine communication in household settings as well as the increasing data usage of individuals. It's the owner of Dodo, Primus, Eftel and Commander.
- Nearmap Ltd (ASX: NEA) is a small-cap which provides high-resolution geospatial imagery services for all types of paying customers. Think of its services like Google maps, but much better. Last week it updated the market with FY14 results showing a 62% increase in revenue and maiden profit.
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