Table:
|  | FY19 | FY18¹ | Growth % | Growth % |
| --- | --- | --- | --- | --- |
|  | $m (Reported) | $m (Reported) | (Reported) | (CC) |
| Revenue by Region: |  |  |  |  |
| – Americas | 253.3 | 223.6 | 13.3 | 13.4 |
| – EMEA | 363.6 | 324.5 | 12.0 | 12.7 |
| – APJ | 93.7 | 90.9 | 3.1 | 6.2 |
|  | 710.6 | 639.0 | 11.2 | 12.0 |
| Revenue by Product: |  |  |  |  |
| – Network | 328.5 | 316.5 | 3.8 | 4.7 |
| – Enduser | 348.4 | 291.8 | 19.4 | 20.2 |
| – Other | 33.7 | 30.7 | 9.8 | 10.0 |
|  | 710.6 | 639.0 | 11.2 | 12.0 |
| Revenue by Type: |  |  |  |  |
| – Subscription | 593.9 | 512.4 | 15.9 | 16.7 |
| – Hardware | 106.8 | 115.1 | (7.2) | (6.3) |
| – Other | 9.9 | 11.5 | (13.9) | (12.8) |
|  | 710.6 | 639.0 | 11.2 | 12.0 |
Paragraphs:
Revenue and deferred revenue
The Group adopted IFRS 15 Revenue from Contracts with Customers in the current year and has therefore restated the results for the prior-year on a consistent basis, see note 2 of the Financial Statements for further details.
The Group’s revenue increased by $71.6 million, or 11.2 per cent, to $710.6 million in the year-ended 31 March 2019. Subscription revenue was notably strong in the period, with reported growth of 15.9 per cent, or 16.7 per cent on a constant currency basis, because of strong prior-period billings and incremental growth of the MSP channel in the current period.
1 Restated for the adoption of IFRS 15 as explained in note 2 of the Financial Statements
Revenue in the period of $710.6 million comprised $394.1 million from the recognition of prior-period deferred revenues and $316.5 million from in-period billings. The majority of the Group’s billings, which are recognised over the life of the contract, relate to subscription products (FY19: 84.8 per cent; FY18: 83.8 per cent), with the benefit from increased billings being spread over a number of years on the subsequent recognition of deferred revenue. The deferred revenue balance at the end of the period of $742.1 million increased $13.5 million year-on-year, an increase of 1.9 per cent. This was mainly due to a net deferral of billings amounting to $49.7 million partially offset by a net currency revaluation of $36.2 million, a consequence of the weakening of the euro and sterling against the US dollar during the year. Deferred revenue due within one year at the balance sheet date of $428.6M increased by 5.1 per cent at actual rates or by 10.7 per cent in constant currency.
Revenue in the Americas increased by $29.7 million or 13.3 per cent to $253.3 million in the year-ended 31 March 2019, supported by the recognition of prior-period Enduser billings from the Sophos Central platform and the growth of the MSP channel in the current period.
EMEA revenue increased by $39.1 million or 12.0 per cent to $363.6 million in the year-ended 31 March 2019, with growth in Enduser in particular, but also aided by Network sales.
APJ revenue increased by $2.8 million, or 3.1 per cent to $93.7 million in the year-ended 31 March 2019, with good growth in Enduser products partially offset by a decline in Network sales following the legacy product transition.
Question:
What was the average revenue earned across 2018 and 2019?
Answer: (710.6+639.0)/2 = 674.8