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Are there Australian sleeper tech stocks you should know about?

What are the top ASX tech stocks? Here’s a breakdown of everything you need to know about the biggest tech stocks in Australia.

According to the Economist, few countries have as many attractive economic conditions as Australia, whose attributes include affordability, a low public debt level and rising income.

To boot, prior to a short downturn during the COVID-19 lockdowns, the Australian economy had not witnessed a recession in nearly three decades.

Permeating through the economy is a tech sector that is growing and innovating at a considerable clip. With advancements in fintech, 3D printing and more, Australia is home to a slew of tech stock darlings.

Amid this tech sector growth, the government of Australia has identified core areas that are projected to transform the country’s business and social fabric. Artificial intelligence (AI), blockchain and the internet of things are among the emerging technologies that will be implemented at a greater scale.

Gartner estimates that companies are prioritizing integrating AI and advanced technology systems into their operations. In one study, 54 percent of chief investment officers surveyed in Australia and New Zealand were found to be increasing investment in digital systems at their businesses.

Here, the Investing News Network shares the 10 top ASX tech stocks by market cap, according to Listcorp. All numbers and figures for the top ASX tech stocks were accurate as of January 19, 2021.

1. Afterpay (ASX:APT)

Market cap: AU$37.64 billion; current share price: AU$134

Afterpay takes the crown as the largest technology company in Australia by far. The company has had a meteoric rise in Australia’s stock market over the past year, leaping from a year low of AU$8 last March to its current blockbuster stock price. The firm is made up of two primary business functions. Its first, Afterpay, is a service that allows customers to buy now and pay later using microloans. Over 55,000 retail businesses use the system, and the current customer base is close to 10 million.

Its second primary operation, Touch, is an online payment system. In its work with Switzerland-based Corner Bank, Touch has implemented an omnichannel system that includes services for Corner Bank-issued Visa (NASDAQ:V) and MasterCard (NASDAQ:MA) payment cards. Touch has also partnered with 7-Eleven on an app to drive customer engagement, integrating payments and security at the highest level.

2. Xero (ASX:XRO)

Market cap: AU$20.05 billion; current share price: AU$137.66

Xero is a software firm that develops cloud-based accounting tools for businesses. The tech company’s suite of tools has over 2.5 million subscribers and boasts over 700 integration capabilities. Among its accounting features are tools designed for project management, invoicing and payroll. For example, by integrating both PayPal (NASDAQ:PYPL) and Stripe into its platform, Xero has added payment features to its online invoices. This allows users to accept payments or pay directly when they receive an invoice.

Serving enterprise, small business and banking customers, Xero’s clients include the four largest banks in Australia: National Australia Bank (ASX:NAB), the Commonwealth Bank of Australia (ASX:CBA), Westpac Banking (ASX:WBC,NYSE:WBK) and Australia and New Zealand Banking Group (ASX:ANZ). Xero has partnered with several international banks in countries from the UK to South Africa.

3. Wisetech Global (ASX:WTC)

Market cap: AU$9.17 billion; current share price: AU$29.75

Logistics software company Wisetech Global serves multinational companies and small businesses, with 17,000 clients in 160 countries. CargoWise One, Wisetech’s hallmark product, improves automation and visibility in supply chains. It is designed to help businesses scale, and also assists them in processes related to customs, tariffs, warehousing and freight container management.

Wisetech has completed a number of acquisitions in recent years as it continues to expand. In 2019, it acquired Ohio-based Depot Systems as well as Xware, a Swedish messaging company. This followed in line with a number of other previous deals in Argentina, Spain, Norway and Turkey. Moving forward, the company is focused on integrating these acquisitions into its business operations.

4. Computershare (ASX:CPU)

Market cap: AU$7.69 billion; current share price: AU$14.38

With principal operations in share registry services, Computershare helps security holders with redeeming electronic shares. On the enterprise level, the company assists businesses with share registry services, employee equity plans and corporate trust services, among others. Computershare had its beginnings in 1978 as one of the first tech startups in Melbourne. It has since grown to employ 12,000 staff, while managing over 75 million customer files.

Among all of its business divisions, the maintenance of shares remains Computershare’s primary generator of revenue. It has also branched out to mortgage services; growth in its US clientele, coupled with its acquisition of LenderLive, has strengthened its secondary market mortgage services.

5. NEXTDC (ASX:NXT)

Market cap: AU$5.23 billion; current share price: AU$11.70

Top ASX tech stock NEXTDC is a data centre company. Utilizing energy-efficient methods, NEXTDC’s data centres connect its customers to various cloud infrastructures. With several of the largest companies in Australia using its data and colocation services, NEXTDC operates nine facilities that power high-performance computing demands in addition to hosting services.

NEXTDC connects clients to some of the largest cloud providers in the world. Its platforms include names such as Microsoft (NASDAQ:MSFT) Azure, Google (NASDAQ:GOOG) Cloud, Oracle (NYSE:ORCL) and Alibaba (NYSE:BABA) Cloud.

6. Altium (ASX:ALU)

Market cap: AU$3.67 billion; current share price: AU$28.75

Having created an interface specifically for 3D printing, Altium works principally in 3D-printed circuit board (PCB) computer-aided design.

Included in its products is Altium Designer, which is targeted towards designers and engineers who want to transfer their designs to reality. It takes into account the limitations of materials, physics and the tools that manufacturers are using. Altium is the leading software interface of its kind in the world, and the tech company claims that the user base for Altium Design grows by 6,000 new clients annually.

Beyond this technology, Altium offers PCB design tools such as CircuitStudio, which enables individuals to design circuit board layouts. The industries that Altium serves include everything from automotive to entertainment.

7. Nuix (ASX:NXL)

Market cap: AU$2.96 billion; current share price: A$9.75

Nuix creates investigative analytics and intelligence software for extracting valuable information from unstructured data. The company’s platform is capable of converting large amounts of data from sources such as emails and social media into actionable data that can be searched, filtered and analyzed.

Nuix’s has more than 1,000 customers — including Amazon (NASDAQ:AMZN) and Samsung (KRX:005930) — in 78 countries, with the majority of its revenue coming from North America, Europe, the Middle East and Africa. The company’s 2020 initial public offering, which raised AU$975 million, was the largest in Australia that year.

8. Appen (ASX:APX)

Market cap: AU$2.77 billion; current share price: AU$23.08

AI data annotation company Appen provides translation services for over 180 languages. Appen also applies its AI to search engine services, personalizing its service for clients to generate sales and leads.

As social media sites and search engines update frequently over time, Appen meets these demands by evaluating the accuracy of a company’s search presence in a query and how the company compares to its competitors.

9. Link Administration Holdings (ASX:LNK)

Market cap: AU$2.48 billion; current share price: AU$4.67

Administration solutions company Link Administration Holdings has a network of global clients, including pension funds and corporations. Link provides a host of proprietary technology services. For example, its pension division provides data analytics and fund administration tools to its 10 million superannuation clients. Within its technology and operations department, Link applies predictive analytics for wealth management workflows and database management. Additionally, Link offers share registry services and employee share plans.

The international reach of Link includes Germany, France, India and the United Arab Emirates.

10. TechnologyOne (ASX:TNE)

Market cap: AU$2.45 billion; current share price: AU$7.83

Enterprise technology software company TechnologyOne has a client base of over 1,200, including the University of Melbourne, Sydney Motorway, GWM Water and the London School of Economics.

TechnologyOne’s software services cast a wide net. For example, in its work with La Trobe University, the company transferred paper-based processes for 36,000 students to digital. As part of the project, it also moved existing student management services onto the cloud, ushering in the first cloud-based service of its kind in Australia. Essentially, TechnologyOne helps companies adapt to online demands, providing a sophisticated infrastructure to deploy services and remove outdated systems.

In addition to student management, TechnologyOne offers the government, health and financial services sectors application management solutions. Via the digital transformation process, TechnologyOne helps improve bottom lines and addresses areas where clients can reduce costs and improve efficiencies.

This is an updated version of an article first published by the Investing News Network in 2019.

Don’t forget to follow us @INN_Australia for real-time news updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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5 Top ASX Robotics Stocks

Emerging Technology Investing
robotic arm above a globe showing Australia

Australia is hoping to lead the way in robotics, and these are some of the country's top robotics stocks by market cap.

Robotics is a growing area of engineering and science technology. Although Australia is hoping to lead the way in robotics, the number of pure-play ASX-listed robotics companies isn't all that big.

Robotics is a broad term covering everything from design to the construction and operation of robots. It also includes the use of robots in roles normally played by humans, often to reduce errors or speed up processes.

This list includes a wide range of ASX-listed companies that employ robotics. Data was sourced using TradingView's stock screener on November 24, 2021, and stocks are listed in order of market cap from largest to smallest.


1. WiseTech Global (ASX:WTC)

Market cap: AU$17.19 billion; current share price: AU$52.90

Technology powerhouse WiseTech Global provides software solutions to logistics businesses in 130 countries around the world. Its CargoWise platforms are designed using workflows, automation and robotics. The WiseTech Global Group includes more than 30 businesses.

The company has performed positively on the ASX over the past year, with its share price rising about 70 percent since the start of 2021. The company expects to continue this momentum in during its 2022 fiscal year, with projected EBITDA growth of 26 to 38 percent.

2. Altium (ASX:ALU)

Market cap: AU$5.47 billion; current share price: AU$41.67

Altium is a leading global software company that focuses on 3D-printed circuit board (PCB) design. Although seemingly obscure, the PCB design tool Altium Designer is used by robotics companies like Robotics Kanti. The company also sponsors student robotics design competitions that focus on PCB design.

The 2021 fiscal year was strong for Altium, which reported a revenue increase of 6 percent, to AU$180.2 million, and announced a final dividend of AU$0.21 per share.

3. Vection Technologies (ASX:VR1)

Market cap: AU$249.49 million; current share price: AU$0.25

Vection Technologies is a multinational software company with offices in Western Australia, as well as Subiaco and Casalecchio di Reno in Italy. The company uses robotics technology in addition to 3D, virtual reality, augmented reality, industrial internet of things and CAD solutions.

The business is split into two sections: information technology development and outsourced services. The company also collaborates with Autodesk Technology Centres, the Microsoft Mixed Reality Team and Cisco Systems Italy.

4. FBR (ASX:FBR)

Market cap: AU$116.95 million; current share price: AU$0.05

FBR designs, develops and builds robots for the global construction market. The company's dynamically stabilised offerings are made to work outdoors using FBR's Dynamic Stabilisation Technology.

This technology was first used in the Hadrian X, a brick-laying robot that can build structural walls more efficiently than traditional methods and with less waste. The first commercial building to have its structural walls built by Hadrian X in 2020 was completed and tenanted in 2021.

5. Bill Identity (ASX:BID)

Market cap: AU$44.18 million; current share price: AU$0.25

Previously known as BidEnergy, Bill Identity provides a series of bill management solutions leveraged using its Robotic Process Automation (RPA). The RPA system helps clients increase their efficiency and serves customers across Australia, New Zealand, the UK, the US and Europe. The company had a strong year, with total operating revenue growth of 55 percent year-on-year to AU$14.6 million in its 2021 fiscal year.

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Ronelle Richards, hold no direct investment interest in any company mentioned in this article

Sydney Opera House at night

Robotics is an area of investing that is growing in Australia ― but is it a sector worth investing in?

The global robotics industry is expected to grow at a compound annual growth rate of 7.8 percent through 2028 according to the Global Industrial Robotics Market Analysis 2020. Robotics is an area of investing that is growing in Australia ― but is it a sector worth investing in?

Broadly speaking, robotics is the design and construction of robots. This can include core automation and production, industrial software, robot technology and integration of robotics. From drones to self-driving cars to toys ― robotics is a growing industry that is beginning to permeate our daily lives.


The distinction between robotics and AI can be a little confusing, but essentially think of robotics like the body and AI like the brain. Both can exist separately, and they are powerful when combined. The goal of a robot is to complete a task faster and more efficiently than a human.

What does the market look like?

The COVID-19 pandemic has seen technology sectors such as robotics accelerate as businesses have faced global challenges. Robotics has been able to help keep spaces safer by replacing humans with robots on factory lines, in eCommerce warehouses or on healthcare frontlines taking temperatures or disinfecting spaces.

What is Australia doing to support the robotics sector?

In early 2020, the Robotics Australia Network was formed to accelerate growth of the domestic robotics industry. The network aims to strengthen global competitiveness and cement Australia as a global leader in robotics.

How does the Australian robotics sector stack up?

According to the International Federation of Robotics, in a ranking of the world's most automated countries it's not even in the top 10. Number one is Singapore, followed by South Korea then Japan.

The investment space for pure robotics companies is relatively small, with greater opportunities to invest in more broader technology, AI and automation stocks.

Who are the big players in robotics stocks?

Robotics stocks in Australia are companies with a strong crossover to other technology sectors like artificial intelligence and virtual reality.

Vection Technologies (ASX:VR1)
Market Cap AU$77.56 million

Vection is a multinational software company with offices in Western Australia as well as Subiaco and Casalecchio di Reno in Italy. The company uses robotics technology as well as 3D, virtual reality, augmented reality, industrial IoT and CAD solutions. The business is split into two sections: IT development and outsourced services. The company also collaborates with Autodesk Technology Centers, the Microsoft Mixed Reality Team and Cisco Systems Italy.

Bill Identity (ASX:BID)

Market Cap AU$52.97 million

Previously known as BidEnergy, Bill Identity is a series of bill management solutions leveraged using robotic process automation, which helps clients increase efficiency. The company serves customers across Australia, New Zealand, the UK, the US and Europe. Bill Identity had a strong year, with total operating revenue growth of 55 percent year-on-year to US$14.6M in FY21.

What are the other ways to invest in robotics?

Another way to get into the robotics sector is investing in robotics exchange traded funds (ETFs), a popular choice that offers exposure to the industry of robotics and artificial intelligence rather than a single company. Two major ETFs in the robotics sector are:

  • BetaShares Global Robotics and Artificial Intelligence ETF (ASX:RBTZ)
  • The ROBO Global Robotics and Automation ETF (ARCA:ROBO)

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Ronelle Richards, hold no direct investment interest in any company mentioned in this article.