Revenue Growth
PAR Technology reported $112.4 million in revenues for the quarter, marking an increase of 44% year-over-year.
Subscription Services Revenue
Subscription services revenue increased by 60% in the quarter to $72 million from the previous year, with 21% organic growth compared to Q1 2024.
Annual Recurring Revenue (ARR)
ARR reached approximately $287 million, up 49% year-over-year, with organic ARR growth of 16%.
Engagement Cloud Growth
Engagement ARR increased 55%, with 18.5% organic growth compared to Q2 last year.
Multiproduct Deals
PAR signed 27 new logos in Q2, with 19 being multiproduct deals, showing a shift towards unified enterprise-grade solutions.
Hardware Revenue Increase
Hardware revenue increased by 33.5%, driven by accelerated purchases ahead of potential tariffs.