The manufacturing software company plans to report financial results on March 21. “Our cloud business continues to grow, delivering 33percent subscription revenue growth over last year,” CEO Karl Lopker said in a prepared statement. QAD expects a pre-tax loss of $4 million, compared to a previously-issued guidance of about breakeven. The company reported pre-tax income on revenue of $278 million for fiscal 2017 with subscription revenue of $52 million. The change in profitability in part reflects that stronger bookings in the fourth quarter meant higher commissions and bonuses are recognized upfront while revenue is recognized over the life of the contract. Higher sales expenses and the negative impact of foreign exchange rates also contributed.