Manufacturing software vendor, QAD, expects the shift to the cloud will produce double-digit cloud revenue growth for the next few years. In the recent earnings webcast for the second quarter ended July 31, CEO Karl Lopker told analysts, “We can continue to grow the cloud business from 45 to 50 percent over the three-to-five year range.” That came as the Santa Barbara, Calif.-based company reported net income of $985,000 for the most recently ended period, down from $1.3 million year earlier.