Insights

3 exciting ASX tech shares to watch

Will these be the tech stars of the future?
The post 3 exciting ASX tech shares to watch appeared first on The Motley Fool Australia. –

If you’re interested in making long term investments in tech shares, then you might want to check out the shares listed below.

All three have high quality products with long runways for growth. Here’s why they are worth watching closely:

Nitro Software Ltd (ASX: NTO)

The first ASX tech share to look at is Nitro Software. Its Nitro Productivity Suite is driving digital transformation in businesses around the world across multiple industries. Demand for the solution, which provides integrated PDF productivity and electronic signature tools, has been growing strongly over the last few years. This underpinned a 64% increase in annualised recurring revenue (ARR) to $27.7 million in FY 2020. Positively, similarly strong growth is expected in FY 2021. Management is guiding to ARR in the range of $39 million to $42 million. This will mean year on year growth of 41% to 51.6%.

Pushpay Holdings Group Ltd (ASX: PPH)

Another tech share to look at is Pushpay. It is a leading donor management and community engagement platform provider for the faith sector. As with Nitro, demand for its offering has been growing strongly. This is being driven by the accelerating digitisation of the church and the shift to a cashless society. This strong demand led to Pushpay recently reporting a 40% increase in operating revenue to US$179.1 million and a 133% increase in EBITDAF to US$58.9 million for FY 2021. Looking ahead, management is forecasting further growth in FY 2022 and is planning to expand into a new market.

Whispir Ltd (ASX: WSP)

A final tech share to look at is Whispir. It is a software-as-a-service communications workflow platform provider. Whispir provides an industry-leading software platform that allows governments and organisations to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. It counts a growing number of blue chips as customers. These include AGL Energy Limited (ASX: AGL), BP, ING, and KPMG to name just a few. Whispir is currently generating ARR of $50.3 million, which is just a fraction of its total addressable market of US$4.7 billion in just the United States.

The post 3 exciting ASX tech shares to watch appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!