Our cloud business continued to demonstrate strong growth in 2019, with non-IFRS cloud revenue growing 40% from €5.03 billion in 2018 to €7.01 billion.
Financial Performance
Comparison of Outlook and Results for 2019
Comparison of Outlook and Results for 2019
|
Outlook for 2019 (as reported inIntegrated Report 2018) |
Revised Outlook for 2019 (Q1 Quarterly Statement) |
Results for 2019 | ||||
---|---|---|---|---|---|---|---|
Cloud revenue (non-IFRS, at constant currencies) | €6.70 billion to €7.00 billion | €6.70 billion to €7.00 billion | €6.77 billion | ||||
Cloud and software revenue (non-IFRS, at constant currencies) | €22.40 billion to €22.70 billion | €22.40 billionto €22.70 billion | €22.49 billion | ||||
Total revenue (non-IFRS, at constant currencies) | strong increase, at slightly lower rate than operating profit |
strong increase, albeit at lower rate than operating profit |
€26.91 billion | ||||
Operating profit (non-IFRS, at constant currencies) | €7.70 billion to €8.00 billion | €7.85 billion to €8.05 billion | €7.95 billion | ||||
Effective tax rate (IFRS) | 26.5% to 27.5% | 26.7% | |||||
Effective tax rate (non-IFRS) | 26.0% to 27.0% | 26.2% |