NEW HARTFORD — PAR Technology Corp. (NYSE: PAR) reported net income of $248,000, or 2 cents per share, during the second quarter. That’s an improvement from a net loss of $511,000, or 3 cents a share, in the second quarter of 2012.
In the second quarter, PAR generated revenue from continuing operations of more than $59 million, which is down from the more than $62 million it produced in the year-earlier quarter, the company said.
PAR’s focus in the second quarter was on improving its operating performance and “building a foundation for future revenue growth and improved performance,” Ronald Casciano, president and CEO of PAR, said in a news release.
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“We are pleased that we are making progress to achieve this goal. Although impacted by lower year over year government-contract revenue, the second quarter results reflect our efforts to energize our customer and partner base as evidenced by our product-revenue growth in the quarter in our hospitality-technology business,” Casciano said.
Based in New Hartford, PAR provides hardware and software to the hospitality industry. Products from PAR also can be found in retailers, cinemas, cruise lines, stadiums, and food service companies. PAR’s government business provides computer-based system design, engineering, and technical services to the U.S. Department of Defense and various federal agencies.
Contact Reinhardt at ereinhardt@cnybj.com
