Newspaper article from our research archive:
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Investment: Special factors help Parity get ahead in IT
- Article from:
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The Independent - London
- Article date:
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August 27, 1998
- Author:
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Copyright informationCopyright 1998 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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LIKE MOST companies in the information technology sector, Parity
has enjoyed meteoric growth over the past few years. The market has
warmed to its combination of systems integration and an IT staff
agency business, marking the shares up by a factor of seven since
1993.
Although the shares have come off the boil in the past few months
as fears of a downturn have set in, you wouldn't know it from Philip
Swinstead, Parity's ebullient chairman.
Reporting pre-tax profits up 54 per cent to pounds 8.75m in the
first half, Mr Swinstead was pouring scorn on those who say IT is
still a cyclical business that will suffer first in a recession.
His view is that IT contracting is now an accepted part of ...
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