But since it was up 14 percent on a non-IFRS basis, I am assuming some equity comp for execs? Pushed by the cloud, revenue settled in at approximately $6.8 billion, an increase of 10 percent from last year's corresponding quarter on an IFRS basis. Cloud revenue of roughly $1.1 billion was 29 percent higher than a year earlier. Significantly, in the cloud era software license and support continued to grow, hitting about $4.6 billion, up 5 percent. The United States seems to have been a disappointment. The quarterly report mentioned Canada, Mexico and Chile, while the USA performance did not make it to print. One measure of success is not financial, but time to get up and running. On-premise SAP implementations are legendarily long and expensive. A few years ago, my wife was on the core team for an SAP project at a major complement. The core team had 650 employees. McDermott noted that "Customers are going live with S4 cloud in as little as six weeks."