Yesterday we looked at some ASX tech shares that haven’t been performing so well.
Now it’s time to check out some ASX tech companies that have been providing shareholders with exceptional returns.
Afterpay Touch Group Ltd (ASX: APT)
The Afterpay share price gained about 5.7 per cent on Tuesday and is now trading at around $5.20.
Afterpay, with a market value edging $800 million, is a technology driven payments company that enables retailers to offer a ‘buy now, receive now, pay later’ service.
The company counts 7-Eleven and Optus among the 10,000 retail merchants it provides its service to.
Afterpay’s share price has doubled since it listed on the ASX in June.
Afterpay announced earlier this month that, following the annual review of its financing arrangements with the National Australia Bank Ltd (ASX: NAB), approval was received to increase its existing NAB warehouse funding facility from $200 million to $350 million.
eServGlobal Limited (ASX: ESV)
eServeGlobal’s share price has gone from 10 cents a year ago to its current price of 18.5 cents.
The company provides a range of transaction services including digital wallets, remittance, and business analytics.
eServeGlobal, with a market cap of about $158 million, is also listed on the London Stock Exchange (LSE: ESG).
John Conoley, eServGlobal’s Executive Chairman, said last month that, following completion of cost reduction plans, the core business will be self-sustaining next year on a stand-alone basis.
“This will be following an expected operational EBITDA breakeven in the last quarter of 2017,” Mr Conoley said.
The company’s share price was up by about 5.7 per cent on Tuesday.
Family Zone Cyber Safety Ltd (ASX: FZO)
The Family Zone Cyber Safety share price has gained about 270 per cent in the past year and is trading at around 68.5 cents.
The technology company focuses on the cyber safety market and has developed a cloud-based parental control solution which aims to meet “a growing demand to keep kids and families safe online”.
Family Zone’s share price gained about 5.4 per cent on Tuesday, when the company held its AGM and investors appear to have responded enthusiastically.
The company, with a market value of about $60.59 million, recently announced that it expects user and revenue growth to increase throughout 2018.
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Motley Fool contributor Sholland has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of National Australia Bank Limited. 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.