Cloud Revenue definition
Cloud Revenue means Dayforce and Powerpay, presented on a constant currency basis:
(i) Dayforce includes global HR, payroll, benefits, workforce management, and talent management on web and native iOS and Android platforms. Dayforce revenue is primarily generated from monthly recurring fees charged on a PEPM basis, generally one-month in advance of service. Dayforce also includes outsourced human resource solutions to certain Dayforce customers. Also included within Dayforce revenue is implementation, staging, and other professional services revenue; revenues from the sale, rental, and maintenance of time clocks; and billable travel expenses.
(ii) Powerpay revenue is primarily generated from recurring fees charged on a per-employee, per-process basis from small market Canadian customers.