However, during this earnings conference call, CEO Charles Phillips expressed satisfaction with the results. He particularly noted that while before Africa and Asia had trailed in the adoption of cloud products “that has now changed.” The company lost $166.8 million for the most recently ended period, compared to $37.6 million in net income a year ago. That reflected $126.8 million in currency losses this year as opposed to a $16.8 million gain in last year’s corresponding period. Revenue for the third quarter was $776.5 million, an increase of 1.3 percent from $706.6 million a year earlier. License fees dropped to $75.2 million, off 7.6 percent from $81.4 million. Meanwhile, SaaS revenue jumped 37.9 percent to $138.1 million from $100.1 million for the compared quarters. Asia Pacific SaaS revenue rose to $44.4 million in the most recently ended quarter, a 58.6-percent increase of $28 million.