While SAP’s full-year 2021 business outlook is at constant currencies, actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the Company progresses through the year. See the table below for the Q1 and FY 2021 expected currency impacts.
Expected Currency Impact Based on December 2020 Level for the Rest of the Year
| In percentage points | Q1 2021 | FY 2021 | ||
| Cloud revenue | -6pp to -8pp | -3pp to -5pp | ||
| Cloud and software revenue | -5pp to -7pp | -2pp to -4pp | ||
| Operating profit | -7pp to -9pp | -2pp to -4pp |
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