If you're like me and have a penchant for investing in shares with strong growth potential then you're in luck because the Australian share market is home to a good number of quality growth shares right now.
Three that I would buy next week are listed below. Here's why I like them:
Altium Limited (ASX: ALU)
Altium is a leading provider of printed circuit board (PCB) design software globally. As PCBs are generally required in electronic devices to connect to the internet, the company has been a big winner from the growth of the Internet of Things (IoT) market. The good news is that this market is expected to continue its meteoric growth for some time to come. According to Statista, it estimates that the IoT market will grow from 23 billion devices in 2018 to 75 billion devices in 2025. If this proves accurate then I expect it to lead to strong demand for its award-winning software.
Bravura Solutions Ltd (ASX: BVS)
Another growth share to consider buying next week is Bravura Solutions. I think the provider of software products and services to the wealth management and funds administration industries would be a great option due to the quality of its software and its sizeable market opportunity. The key product in its arsenal at the moment is the Sonata wealth management platform. Demand for Sonata has been growing exceptionally strongly and has underpinned above-average profit growth over the last few years. I expect this platform and the benefits of potential earnings accretive acquisitions to drive further strong growth over the next decade.
WiseTech Global Ltd (ASX: WTC)
WiseTech Global is a logistics solutions company that I believe has a very bright future ahead of it. I think it is well-positioned for strong long-term growth thanks to its CargoWise One platform. CargoWise One is a single-platform software solution which provides an enterprise-class management system for logistics businesses across 130 countries. At the last count the company had over 8,000 logistics organisations using its solution, which is quickly making it an integral part of the global supply chain.
