Welcome to our dedicated page for PAR Technology news (Ticker: PAR), a resource for investors and traders seeking the latest updates and insights on PAR Technology stock.
PAR Technology Corporation (NYSE: PAR) has been a significant player in the technology sector for over 30 years, primarily serving the hospitality and government markets. The company operates through two main segments: Restaurant/Retail and Government. The Restaurant/Retail segment offers advanced point-of-sale and management technology solutions, including both hardware and software, designed to streamline operations for a wide array of food service providers, from large international chains to independent restaurants. PAR's solutions also extend to retailers, cinemas, cruise lines, stadiums, and various food service companies.
The Government segment, on the other hand, specializes in providing computer-based system design, engineering, and technical services to the Department of Defense and various federal agencies. This segment recently attracted significant attention with the planned sale of its Government business unit, which includes subsidiaries PAR Government Systems Corporation (PGSC) and Rome Research Corporation (RRC), for $102 million to NexTech Solutions (NTS). This strategic move marks a substantial reorientation for PAR as it focuses more on its core hospitality technology offerings.
Financially, PAR Technology Corporation derives the majority of its revenue from its Restaurant/Retail segment, indicating a strong market presence and demand for its technology solutions. The company continually evolves its product offerings to meet the changing needs of its diverse client base, ensuring it remains at the forefront of the industry.
Visit www.partech.com for more information.
PAR Technology Corporation (NYSE: PAR) will announce its financial results for the first quarter ended March 31, 2023, on May 8, 2023, post-market close. The management team, including President Savneet Singh and CFO Bryan Menar, will host a conference call at 4:30 p.m. ET to discuss the results and provide a business update. Participants can register for the call through the provided link. The earnings call will also be available via webcast on PAR's Investor Relations website, with a recording accessible post-event. PAR Technology has a strong presence in the restaurant technology sector, serving over 100,000 establishments across 110 countries, providing solutions that foster customer relationships.
FAQ
What is the current stock price of PAR Technology (PAR)?
What is the market cap of PAR Technology (PAR)?
What does PAR Technology Corporation do?
What is the stock symbol for PAR Technology Corporation?
Which segments does PAR Technology Corporation operate in?
What recent news involves PAR Technology Corporation?
What kind of technology solutions does PAR offer to the hospitality industry?
Where can PAR Technology Corporation’s products be found?
What does the recent sale of the Government segment signify for PAR Technology Corporation?
Who acquired PAR's Government business unit?
Where is PAR Technology Corporation headquartered?
How can I get more information about PAR Technology Corporation?
