So far this year the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a reasonably mixed time and is up just under 1% year-to-date.
Three tech shares in particular have not let that hold them back. Here's why their shares have gone gangbusters this year:
The Big Un Ltd (ASX: BIG) share price has rocketed 297% year-to-date. Investors have been fighting to get hold of shares after the company revealed incredibly strong demand for its subscription-based video technology products and services. This demand has led management to forecast a 399% increase in cash receipts to $20.3 million in FY 2017. I've been very impressed with what I've seen from Big Un this year and believe it could be worth taking a closer look.
The GetSwift Ltd (ASX: GSW) share price has gained a whopping 220% in 2017. This fast-growing logistics platform provider has signed up a vast number of major customers this year including banking giant Commonwealth Bank of Australia (ASX: CBA). Impressively the company achieved this without a salesforce. Last week GetSwift raised $24 million to accelerate its growth and expand into other verticals. I'm very bullish on its future and believe it is a great buy and hold investment option.
The Updater Inc (ASX: UPD) share price has surged 89% this year. Updater provides a platform designed to simplify the process of moving house. It connects companies such as real estate agents and mortgage brokers, while coordinating mail forwarding, logistics, and record updating for customers. In April the company announced 345,899 quarterly moves, which equates to market penetration of 9%. Its shares are in a trading halt at the moment pending the release of an announcement regarding material results from its Moving Centre pilot program. I would suggest investors add Updater to their watch list.
