North America led the regions with revenue reaching about $417.1 million on a statutory basis, up 11 percent over last year’s corresponding period.  (All numbers in this item are statutory figures translated from pounds.) Cloud native revenue—Sage Intacct and People—rose 26 percent to roughly $109.7 million. Cloud-connected—the products with. “c” after their numbers—rose to about $279.7 million, an increase of 120 percent. The bulk of revenue, essentially a segment of on-premise products, came from “products with potential to migrate”. That total was approximately $621.3 million, down 14 percent over a year earlier. As big a change was the tone of remarks by CEO Stephen Hare, in his first financial report in that role. He concentrated on a change in culture—which seems to be a direct contrast to former CEO Steve Kelly, who left in August. For example, Hare noted a change in internal broadcasts.“Prepared scripts and slides have been replaced with more interactive broadcasts,” he said. “We give direct answers in the moment.” Sage also moved to a new financial reporting scheme with this report with an emphasis on alternative financial measures, that include the cloud and cloud-connected categories. Hare noted the company will be evaluating products to see which can move to the cloud and which can't effectively and will dispose of products that fall into the latter category. So you can choose between statutory, underlying, recurring, non-recurring, organic. The difference between statutory and underlying are virtually the same as the difference between GAAP and non-GAAP in U.S. reporting in terms of excluded items in underlaying.