Thank you, safe. are call Chris, your good hope families today. and and you the well on to and morning everyone I
as XXXX. provides necessary accelerate about the confident for third of economic months presented us quarter notable was to equity in very that As We our important I of top backlog incredibly the third thoughts growth our ample acquisition straight each challengedd that extremely and was proud cover and by week, communicated million several it pandemic. just year's raise Under the current sales. PAR of This to have to commitment need highlight be continue equity flexibility shown milestone but new PAR future those in strongest incremental to impacted last was be both software one in the to for challenged that restaurant economy since a first a and offerings value incredible the our as the our company helping right want bookings, compared liquidity our XX% I to last provides technology a quarter and business. offering with $XXX QX, I believe our strong challenges the the product. in go thereby COVID-XX you at specific the to past global additional and dramatic to drive through value out to last growth quarters step also capital capacity quarter, out In will our more happy customer for all history us product record I we offering global our has This M&A our to us company. highlighted its continue our employee this the build to thrive closed to of internal am our you in hardware times. solutions, during and intend investments. of a stickier. our than our revenues recorded grew mention a these to environment, making to active more provide whole space rebound as near continue report out We customers, and we're platform. record our initiatives we platform A for and
Before Brian review you numbers, software I details in business. we've our with want progress, noble gives our QX surrounding made the to
bookings If the in from improvement you in performance the quarter I'm and XX% report Brink's jump a the this a year. in a to presentation, store new QX. quarter that QX previous Slide XX% XXXX pleased three is of snapshot we had of increase sequential really to last
momentum I most our tool and how the gap] to any were restaurants and metric [audio COVID demonstrates than card think Brink point are the of more reacting bookings sales velocity pandemic. other this offering. quickly QX enterprise
operation in world. Brink continue Our technology-first they rushed as to a their customers to have to lock address
at quarter $XX.X year. the As increase the from million of a same shows, we ARR sides the last reported XX%
an coming out As activations in of QX, we was just continue accelerated expansion ARR. to see
installed in see invoice at Brink QX sites you backlog the pandemic. the XXX we've from increase stores you new can in QX 'XX, our and If up stores remarkable to XX,XXX accomplishment XXX We during XX% Slide was reported an X,XXX QX to crossed yet QX stores a end advance of installed. threshold the that four, be
back QX. quarters restrictions five as restrictions. last ease their to five, comfort X.X% Slide is the to to Brink Not our of churn within we impact and that Testament add expiring low on churn. offerings COVID-related proves the suffer churn, able local the X% on has dependent our our annualized to that each COVID our shows believe we here letter can the customers. activation. is continue in grow Restaurant store and see of minimal Slide from up but XXX strength and course online had improvement closures back the In in important This note QX, temporary over customers geographic metrics shown of bookings came six below camp quarter context more reported driving incredibly fourth than rebound enterprise doubling our be Restaurant competitive XXX, of shows are QX proud solid also I'm all XXX continue rate As customers Magic our we'll stores, customers. waterfall and rate On strength Slide a challenging booking This in at to the in you with ARR. the QX. saw is business. Both accelerate online seven Magic come for churn continues ARR QX. in signs up the context's positive very from of
Magic Restaurant ARR ARR closures, MRR While This quarter. from with Restaurant an closed signed new more $X.X was Magic $XXX to and temporary impacted XX% concepts was sequential waivers the was back. reported -- Brink The ARR was business the we average new Combined from temporary $XX.X site includes Slide started from has stores. and prior for for come certainly Brink $X stores for increase million gives of end increase. more in reported now the with X, count an install in Magic million of Restaurant restaurants, sites QX, Slide current showing QX. at the a than is increase QX. On hardware related the approximately as not eight end XXXX XX% million, revenues
customers. provides the demand to PAR see continue our and robust complete for solution We
Our to customers continue rationalize and stand we to vendors benefit.
that quarter QX sequentially by review in nicely in 'XX to sale and from our Now a communication of our in the business. increased quarter quickly direct recovered product hardware with the and this is Product revenues and QX. platform the in COVID-impacted XX% XX% increase point business the
customers. As environment adopted remarkable. mentioned of continue number offering spend performance capital sales pleased very new if in integrated be to product QX our nothing rebound our from solution complete it's our I'm with to short and challenged deliver and earlier, by
to segment. Now our Government review
nearly QX delivered 'XX. evidenced compared Our Government a business in to again by increase solid XX% quarter revenues
QX the in last million backlog end increasing $XXX contract at months. three was Our of the XX%
the year's XX% revenues Our Intel driving growth Solutions the was as force last increased behind ISR in business from QX. the quarter
where We our specifically leverage work more performance within Intel our contracts contract business opportunities that in seek high-tech we continue excellence, value-added include decade-long can Solutions experience and revenue out line. direct contract to labor and
leverage This Now business and company drive is progress than some that company. in fast more no coming accountability Restaurant to We key our takeaways out we you our markets the insights clearly or between was the software made evident initiatives that of and approach best of Technology product our now line. the implementing business our and improved that across can execution strategic quarter. will our hardware segment, Because across previously data and exist notably drive products. the portfolio could benefit cited practices across the customer
include the to will engage ways success. customer one delivering platform with Business deeper Restaurant we Group account our deliver operations customers and value to year-round. more of them have benefiting begun us more sales specific and manage sell our about how initiatives end are marketing we marketing lead-only Now, believe have what functions of to insight now this out structures for teams of customer in-store of and our improved spend. this. quantifiable them requirements utilizing more solutions provide data year-round. organized some and while markets. marketing greater designing plans these from to Since processes, management to We the us and one and growth will market allow behaviors new and brand reorganization be value marketing I allowing also and technology targeted them our them common care These business We've to focus both our which our specific our effectively already provide on
payment solution. is and while an growth to to beta Second, Payment transparent become contributor operators production large am recently complicated Services excited processing Restaurant tell PAR sign XXXX. is in released misled Payment payment to long up PAR a we our become that Payment a in to Services PAR ARR processing still and PAR solution. have the Payment you I Services. product all-in-one created fair partnerships, can been
Our take hardware transaction give to of fantastic advantage cost. services to the streamlined the ability will offset opportunity operators a our process and rates,
position Third, stronger. been has never PAR's market
we XXXX. has focus sales expect and incumbents our their on context, work COVID-XX our this While continue to hard pipeline to keeping through increased expand ours. dramatically we
While the across portion strong In but serve lines. mid-for COVID. we're confident we I hiccups, Technology progress our We're the am the and personally all I've during is and our may the that goals, case Restaurant witnessed virus strength customers our very we of far solutions. summary, long-term from restaurant of seeing create is product believe the resilient
concentration our of expand looking and design, utilization served fast are the in-store and their financial By well, has in Our brand into service difficult the and and situation forward-looking quick models, our and restaurants strong efficiencies technology fortune to caused. operating incredibly mature backing has us that customers are pandemic customers casual drive to as operations. the recognition by have
inspired and them and as raise, quickly Our customers have investing this strategic customers have specifically our service capital restaurants levels well. director recent multiple their on not, by to if return been navigate and growth on business act currency organic helping to to able delivery. Many we customer acquisitions of our almost our are -- opportunities and we're have the counter business through difficult now With return on pre-pandemic all time. points, service to
time dedication on during and to for of with turn the and wish employees health tireless customers. remain take such QX I'll thank committed then your of And and to question. and As our details to our Brian more safety all to staff I for always, challenging the that, numbers over work a and call their