If you're a fan of growth shares like I am, then you're in luck. The Australian share market is home to a large number of shares that are growing their earnings at an above-average rate.
Three which I think are in the buy zone are listed below. Here's why I like them:
Aristocrat Leisure Limited (ASX: ALL)
Aristocrat Leisure is one of the world's leading gaming technology companies and could be a great option for growth investors. In FY 2018 the company delivered a 47.7% increase in normalised revenue to $3,624.1 million and a 34.2% lift in normalised NPATA to $729.6 million. This impressive growth was driven by strong demand for both its pokie machines and its mobile and social games. It is the latter that I'm most bullish on. The company's digital segment finished the year with 8.1 million daily active users and was generating significant recurring revenues. With management investing heavily on customer acquisition this year and a number of games under development, I expect this segment to underpin strong earnings growth over the next decade.
Bravura Solutions Ltd (ASX: BVS)
Another growth share to consider in April is Bravura Solutions. It is a fast-growing provider of software products and services to the wealth management and funds administration industries. The key attraction to the company for me is its popular Sonata wealth management platform. Sonata has been the main driver of growth for the company in recent years and I don't expect this to change any time soon. Due to the quality of the product and its sizeable market opportunity, I expect it to support strong earnings growth for the foreseeable future.
Domino's Pizza Enterprises Ltd (ASX: DMP)
Although this pizza chain operator's performance over the last couple of years has been thoroughly underwhelming, I firmly believe it is worth sticking with the company. Especially given its strong market position and plans to double its store network from a total of 2,454 stores to 4,900 stores by 2025-2028. If Domino's delivers on this and can increase its margins at the same time, then it should result it above-average earnings growth over the next decade.
