So far this year the S&P/ASX 200 Info Tech (Index: ^AXIJ) (ASX: XIJ) has outperformed the market average with a gain of 6.5%.
Despite this solid run, I don't for a second believe that it is too late to invest in the tech sector.
Three shares on the index that I think are worth considering are listed below. Here's why I like them:
Aconex Ltd (ASX: ACX)
This software-as-a-service company may have been a firm favourite with short sellers in the past, but with short interest subsiding I believe now could be a great time for investors to consider it as a long-term investment. I believe the quality of the product and the efficiencies it offers users will result in strong demand that allows the company to outperform its medium-term guidance.
Altium Limited (ASX: ALU)
I think that Altium is in a great position to grow at an above-average rate over the next few years thanks to the Internet of Things. Global tech giant Cisco predicts that there will be upwards of 500 billion devices and objects connected to the internet by 2030. As the vast majority of these devices require printed circuit boards (PCB) inside them, demand for Altium's PCB design software could increase substantially.
Nextdc Ltd (ASX: NXT)
Thanks to the shift to the cloud I believe this leading data centre operator is a great buy and hold investment option. This year the company is investing heavily to increase its capacity with the addition of new state of the art data centres. As capacity additions have been a leading indicator of revenue and profit growth in the past, this could be a sign of strong growth ahead for NEXTDC.
