The statement says group trading in the first four months of its financial year has been in line with management’s expectations, with good progress made in building its consultancy services division and with the development of Parity Professionals.

The group adds its investment in sales across the business has expanded its client base. It added to its recently announced managed service contract win for IT contract staffing provision to retailer Primark, with a further award for infrastructure and cloud architecture staffing to be provided as a managed service to the Social Security Directorate in Scotland.

The group has also revealed it has recently secured places on additional new frameworks to deliver professional services to Ordnance Survey and Northern Ireland Water.

The statement concludes by saying the group expects further progress in delivering higher margin sales and cash generation will support targeted investment to accelerate growth with an emphasis on improved profitability and strong cost control.

Following its AGM held earlier this morning [24 May], Parity announced that all resolutions were duly passed.

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