The manufacturing software reported a loss of $6.7 million for the most recently ended period, compared to earnings of $1.7 million a year ago. In a prepared statement, CEO Anton Chilton said QAD grew cloud revenue, while improving cloud and services margins. Revenue was $84.8 million, up 14.5 percent from slightly more than $74 million in last year’s corresponding period. Growth was driven by subscriptions which rose 23.6 percent to $38.4 million from $31.1 million. Predictably, the only revenue category to decline was license revenue, which fell to $2.8 million, off 8.5 percent from slightly more than $3 million a year ago. Maintenance revenue was flat at $26.4 million. Professional services revenue increased to $17.2 million, up 27.4 percent from $13.5 million.