PAR Technology Corp (NYSE:PAR)
$ 81.14 1.08 (1.35%) Market Cap: 2.95 Bil Enterprise Value: 3.30 Bil PE Ratio: 0 PB Ratio: 4.25 GF Score: 63/100
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PAR Technology Corp at Needham Technology and Media Conference Transcript

May 16, 2023 / 04:45PM GMT
Release Date Price: $32.94 (+0.58%)
Mayank Tandon
Needham & Company - Analyst

Hello, everyone. My name is my Mayank Tandon. I'm the fintech analyst at Needham. I'd like to welcome Savneet Singh, the CEO of PAR. Savneet, thank you for joining us.

Savneet Singh
PAR Technology Corporation - CEO & President

Thanks for having me.

Mayank Tandon
Needham & Company - Analyst

So Savneet, you're coming off a really good quarter. I thought maybe I'd start with just the key takeaways from the recent earnings, especially in the context of what you're seeing in the restaurant tech space in this uncertain macro. So maybe first, we start with a high-level overview and then we can drill down into some of the key products.

Savneet Singh
PAR Technology Corporation - CEO & President

So we reported last week, our ARR grew about 23%. And I think the key aspect was that it grew while OpEx was flat from the last quarter and R&D even down a little bit. And that's really our plan for most of the year, or rest

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