Constant Currencies

Constant Currencies

A calculation of international sales that eliminates fluctuations in currency values. This calculation exists to make financial statements "cleaner." For example, suppose a Japanese company does most of its business in U.S. dollars. If its sales increase or decrease in dollar terms, this may or may not be reflected in yen because of changes to the exchange rate. Assuming a constant exchange rate for the financial statement helps the company accurately report information.
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The growth in constant currencies was driven largely by a robust increase in volumes of 6.
Year-to-date non-IFRS software and software-related service revenue is up 8% at constant currencies at the high end of our full-year outlook range.
Full year non-IFRS software and cloud subscription revenue increased 10% at constant currencies (5% at actual currencies to EUR5.
Sartorius expects sales to grow between 6% and 8% in constant currencies for both divisions and thus for the entire Group in the current year.
Price increases together with tight cost control contributed to an increase of EBITDA in constant currencies of eight percent to 218 million [euro], with an EBITDA margin of 14.
Q4 GAAP total revenue up 10% and non-GAAP up 12%, both in constant currencies
The Company expects full year 2015 non-IFRS cloud and software revenue to increase by 8% - 10% at constant currencies (2014: [euro]14.
With non-IFRS cloud subscriptions and support revenue increasing 39% at constant currencies (32% at actual currencies) SAP is the fastest growing enterprise cloud company at scale.
GAAP software revenue up 19% in constant currencies; non-GAAP software revenue up 17% in constant currencies
Fast Cloud Growth Ahead of Annual Outlook Growth Range: Non-IFRS Cloud Subscriptions and Support Revenue Increased 38% at Constant Currencies (32% at Actual Currencies)
1] For the first quarter 2015, Fieldglass contributed[euro]19 million and Concur contributed[euro]128 million to SAP's Non-IFRS cloud subscriptions and support revenue at constant currencies.
Commenting on the results, Joseph Jimenez, CEO of Novartis, said: "Novartis delivered strong performance in 2013, growing both net sales and core operating income in constant currencies while absorbing patent expirations.

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