PAR Technology Corporation Reports First Quarter Results

PAR Technology Corporation (NYSE: PAR) today announced results from operations for the first quarter ended March 31, 2011.

PAR reported first quarter revenues of $55.8 million, a 4% decline over the $58.1 million reported in the same period a year ago. Reported net income for the first quarter was $404,000, a decrease from the net income of $582,000 in the first quarter of 2010. The Company reported diluted earnings per share of $0.03 for the first quarter of 2011, compared to diluted earnings per share of $0.04 for the first quarter of last year.