The S&P/ASX 300 Index (ASX: XKO) is a great place to look for ASX 300 shares that are rapidly growing. The fund manager Wilson Asset Management (WAM) has highlighted two stocks that are delivering impressive results.
Businesses that are growing their revenue at a strong pace give themselves a great chance at delivering share price growth. Rising revenue can help deliver rising profit margins, allowing net profit to rise faster than revenue over time.
The fund manager named two ASX 300 shares in the WAM Capital Ltd (ASX: WAM) portfolio that are succeeding for shareholders.
Catapult Group International Ltd (ASX: CAT)
WAM describes Catapult as a global leader in sports technology solutions for professional teams.
In May, the company announced its results for the financial year ending 31 March 2025. That result showed a 19% year-over-year increase in revenue to $185 million. The ASX tech share also achieved a record high free cash flow of $14 million for the period.
The fund manager explained that Catapult is benefiting from strong structural tailwinds and growing demand for data-driven sports analytics.
Catapult's management is aiming to grow its annualised contract value (ACV) by 10x to approximately US$1 billion.
How likely is the ASX 300 share to be able to reach that target? WAM said:
With a clear land-and-expand strategy, global reach and success in cross-selling, we believe this long-term target is achievable and reflects the company's strong competitive position in a growing market.
TechnologyOne Ltd (ASX: TNE)
The fund manager also highlighted TechnologyOne, Australia's largest software as a service (SaaS) company. The ASX tech share has rocketed higher in the last few months; it's up more than 70% from 7 April 2025, as the chart below shows.
WAM explained that this rise has primarily been driven by the release of a strong half-year result on 20 May 2025, for the period ending 31 March 2025, which beat investor expectations.
The ASX 300 share reported a 19% increase in total revenue to $291.3 million and a 31% rise in net profit after tax (NPAT) to $63 million. On top of that, annual recurring revenue (ARR) grew by 21% to $511.1 million.
WAM then explained why the market is looking at the ASX 300 share in a much more positive light:
The company's strong financial results, along with its upgraded full-year profit guidance, strengthened investor confidence and contributed to the notable appreciation in its share price.
