The board of IT consultancy Parity has confirmed that full year figures are likely to be in line with market forecasts, albeit at 'the lower end' of expectations. This would seem to suggest that pre-tax profits for the calendar year will be in the region of the £3m (£13.9m) house broker HSBC is forecasting. Others had been expecting a pre-tax figure of close to £4m, but it seems as though recent project delays have made this unlikely. There have been some positives, most encouragingly the receipt of a £4.5m, three-year contract from business/consumer service provider Cims. An annual cost saving of £5m is also expected as the result of a restructuring. Nevertheless, a forward p/e of 39.3 suggests that Parity remains fairly valued.

Parity Group	LSE	£3.14m	8.25p	0.00p
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