"We continued our trend of growing at higher than historic levels," he said during this week's earnings webcast. However, increases in operating expenses – 13.7 in sales and marketing, 19.1 percent in R&D and 22.9 percent in G&A – pushed operating income down to $13.5 million, from just over $18 million a year earlier. The bottom line improved because the provision for taxes dropped to $1.9 million from $7.1 million last year. Gianoni also noted the planned move to the cloud version of its main products, which will come to market as Raiser Edge NXT and Financial Edge NXT. "The ease of migration is quite significant," Gianoni said. That's because the new versions utilize the same databases as their respective desktop versions. Reaction at the company's recent user conference was good as "The ease of migration is quite significant," he said.