“And given our increasing confidence, we will continue to prudently invest as their strong demand for our cloud services.”

In context

“in constant currency due to strong bookings as well as the addition of Cerner. However, I would note for you all that the organic RPO growth accelerated to 22% in Q1 from 17% in Q4, approximately 49% of total RPO is expected to be recognized as revenue over the next 12 months. As we've said before, we're committed to returning value to our shareholders through technical innovation, strategic acquisitions, stock repurchases and prudent use of debt and our dividend. This quarter we repurchased 7.5 million shares for a total of 559 million. In addition, we paid out dividends of $3.4 billion over the last 12 months, and the Board of Directors today declared a quarterly dividend of $0.32 per share. Our fundamental principle is to grow non-GAAP EPS, while substantially increasing cloud revenue. And given our increasing confidence, we will continue to prudently invest as their strong demand for our cloud services. Now, let me turn to my guidance for Q2, which I will provide on a non-GAAP basis. Now we are assuming the currency exchange rates remain the same as they are now. That's not a prediction, that's just giving it to you as a translation as it currently is. In that case, currency should have a 5% to 6% negative effect on total revenue, and at least a $0.07 negative effect on EPs in Q2. As I say every quarter, the actual currency impact may be different by quarter end. My EPS guidance for Q2 assumes a tax rate of 20.5, which is up from 19.2 last year. However, one-time tax events could cause actual tax rates for any given quarter to vary. So now to guidance. Total revenues for Q2, including Cerner are expected to grow from 21% to 23% in constant currency, and are expected to grow from 15% to 1”