Accenture Says FX Rates Likely to Hurt Yearly Results -- Currency Comment
23 Juni 2022 - 3:49PM
Dow Jones News
By Paulo Trevisani
Accenture Plc. said Thursday it expects foreign exchange rates
to have a negative impact of 4.5% on its full-year 2022 results
compared to a year earlier, up from a 3% hit in its previous
guidance.
The company, based in Dublin, reduced its 2022 earnings per
share outlook to a range between $10.61 and $10.70, a yearly growth
of between 21% and 22%, from $10.61 and $10.81 previously.
Accenture reported third-quarter revenue of $12.2 billion, an
increase of 22% in dollar and 27% in euro versus a year
earlier.
The euro has weakened 12% to the greenback over the past 12
months, a trend many pundits expect to continue as interest rates
rise faster in the U.S. than in Europe.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
June 23, 2022 09:34 ET (13:34 GMT)
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