Due to the way that technology is changing both lives and business, I think Australia's tech sector is one of the best areas of the market to invest in with a long-term view.
Three top tech shares with global ambitions that I would invest in today are listed below. Here's why I think they are worth a closer look:
Aristocrat Leisure Limited (ASX: ALL)
This gaming technology company's shares may be close to their all-time high, but I still believe they would be a great buy and hold investment options due largely to its fast-growing digital segment. I have been very impressed at the way the segment has grown its daily average users and the average revenue per user at a strong rate this year. I expect this to continue in FY 2018 thanks to the acquisition of Plarium for US$500 million. This acquisition will see the popular Vikings: War of Clans mobile game added to the company's portfolio.
Altium Limited (ASX: ALU)
Due to the rise of the Internet of Things, I believe Altium's printed circuit board (PCB) design software is likely to experience increasingly strong demand. This is because the majority of connected devices require a PCB inside them in order to function. Management recently reaffirmed its FY 2020 guidance of revenue of at least US$200 million and an EBITDA margin of 35%. This compares to the US$111 million of revenue and 30% EBITDA margin it achieved in FY 2017.
Livetiles Ltd (ASX: LVT)
LiveTiles is a digital workplace platform provider which has been growing at an impressively strong rate. The company recently advised that its annualised subscription revenue (ASR) had reached the $5 million milestone as of 30 September 2017. This was a massive 252% increase year-on-year. Pleasingly, this strong growth is likely to continue in FY 2018 thanks to the expansion of its enterprise sales team and investment in global marketing events.
