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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References in periodicals archive ?
AS more and more organizations shift to digitization, network security solutions provider SAP reported a double-digit growth in total revenue to pound 6.63 billion (International Financial Reporting Standards, or IFRS) in the second quarter of 2019, or 11 percent (non-IFRS) and 8 percent (non-IFRS at constant currencies) higher than the same period a year ago, on the back of its strong cloud, software and other business portfolios.
In the first quarter, new cloud bookings were up 32% (26% at constant currencies).
The segment's operating income increased 8% (12% in constant currencies), due to sales-driven improvements in franchised margin dollars and higher gains on sales of restaurant businesses in the U.K.
For the full year, non-IFRS cloud and software revenue grew by 20% or 12% at constant currencies and exceeded the outlook of 8% 10% growth at constant currencies.
Full year non-IFRS software and cloud subscription revenue increased 10% at constant currencies (5% at actual currencies to EUR5.3bn).
In the first three months of 2011, Sartorius increased its sales revenue from the year-ago quarter by 14.4% from 150.4 million euros to 172.1 million euros (in constant currencies: +12.6%).
Due to the strong cloud and overall business momentum SAP is raising its outlook for the full year 2018: Non-IFRS cloud subscriptions and support revenue is now expected to be in a range of EUR 5.15B- EUR 5.25B at constant currencies, up 36.5%-39.0% at constant currencies.
With non-IFRS cloud subscriptions and support revenue increasing 41% (42% at constant currencies) SAP is the fastest growing enterprise cloud company at scale.
Underlying EPS for H1 was up by 5.2% in constant currencies
* Non-IFRS cloud revenue to be in a range of [euro]6.7-[euro]7.0 billion at constant currencies (2018: [euro]5.03 billion), up 33% -39% at constant currencies.
Non-IFRS cloud subscriptions and support revenue is now expected to be in a range of EUR 5.05B- EUR 5.2B at constant currencies, up 34%-38% at constant currencies.
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.

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