Overview

* PAR Technology ( PAR ) Q3 revenue grows 23% yr/yr, beating analyst expectations

* Annual Recurring Revenue (ARR) grew 22%, with 15% organic growth

* Company launched PAR AI, enhancing its product suite

Outlook

* PAR Technology ( PAR ) expects AI integration to drive better outcomes for enterprise customers

* Company anticipates revenue growth above market levels through tier 1 deals

Result Drivers

* ARR GROWTH - Annual Recurring Revenue grew 22% year-over-year, with 15% organic growth

* SUBSCRIPTION REVENUE - Quarterly subscription service revenues increased 25% year-over-year, with 16% organic growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $119.20 $112.22

Revenue mln mln (10

Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the office equipment peer group is "buy"

* Wall Street's median 12-month price target for PAR Technology Corp ( PAR ) is $70.00, about 51.5% above its November 5 closing price of $33.95

* The stock recently traded at 60 times the next 12-month earnings vs. a P/E of 124 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)