Par Technology reports Q2 EPS (72c), consensus (34c)

Reports Q2 revenue $100.5M, consensus $98.7M. PAR Technology CEO, Savneet Singh, commented on the results, “It was another strong quarter of growth for PAR. Subscription service revenues grew 31.2% and ARR grew 24.3% in Q2. This growth came as we continued to hold operating expenses near flat, demonstrating the durability of our growth and the continued focus on efficiency. In the quarter we saw continued strong interest in our emerging business lines and we’ve made the required investment behind them to ensure the scale up in the second half of this year and throughout 2024. We continue to believe that a deeply integrated offering delivers a better together story for our customers and helps drive, simplicity, lower total cost of ownership and a stronger ROI.”