Total revenue was approximately $173 million for the most recently ended period, a 15-percent rise from a year earlier. Software revenue jumped 25 percent to roughly $132 million. Recurring revenue reached about $122 million, a 45-percent jump from last year’s corresponding period. The company does not report earnings. The spike in cloud revenue reflects the March 2021 introduction of IFS Cloud, which the company says brings together several applications. It reported the annual contract value of bookings rose 78 percent. IFS also received an investment of undisclosed size from private equity firm HG in March this year and launched the first of two IFS cloud releases recently.