The results, released this morning, reveal the UK information technology services organisation posted group revenues of £43.2m – up from £42.9m in the previous year, driven primarily from consultancy services revenue, which was up 30.8% year-on-year. The firm’s professionals division saw more muted revenue growth of 2.2% on the previous year.

Group net debt reduced from the previous year – down from £2.3m to £1.9m.

Elaborating on the group’s performance, Parity chairman John Conoley said: “Parity’s consulting business is well positioned to continue broadening its client base, as clients increasingly look for a solution which combines a deep understanding of analytics and underlying technologies with the ability to deploy up-to-date experts in the fast-evolving data capture and management field.

“As a result, we have targeted further investment in senior experienced operational management, and sales and marketing to drive continued growth.

“Without any further delays, we expect a stronger second half, in line with the group’s traditional seasonality, and to deliver on current expectations for the year as a whole. Our investment in the group continues to drive revenue and profit growth, supporting cashflow improvement and generating further shareholder value.”

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