PAR Technology (NYSE: PAR) reported Q4 EPS of $0.05, versus $0.03 reported last year. Revenue for the quarter came in at $63.4 million, versus $59.7 million reported last year.

“We are encouraged with the improved performance in the quarter, on a non-GAAP basis, as it demonstrates the progress being made as evidenced by the revenue growth in both our Hospitality and Government segments. Within our Hospitality segment, we have continued to experience success with our strategy of increasing our revenue generated through sales to smaller chains and independent restaurants, a strategy further facilitated by our acquisition of Brink Software in September of last year. Partially offsetting the revenue growth was a reduction in volume from certain large restaurant customers resulting from the completion of technology rollouts in prior periods. To mitigate the revenue volatility created by our tier one customers, we are committed to our revenue diversification strategy and are encouraged by the recent market acceptance and adoption of our cloud technologies,” commented PAR President & CEO Ronald J. Casciano. Furthermore, our Government business continued to perform well resulting from an increase in task orders on our large ISR contracts.

Casciano concluded, “Fiscal 2014 was a year of transition for PAR as new Directors were added to our Board and several changes were made to our management structure. We have recommitted the Company to focus and execute upon our strategic goals to reestablish PAR as a consistent performing technology solutions company.”

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