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Accenture Expects FX to Hurt Revenues in Fiscal 2023 — Currency Comment


By Paulo Trevisani

 

Accenture PLC said Thursday it expects foreign exchange to keep hurting revenue in the next fiscal year.

The Dublin-based consulting firm said its business outlook for the 2023 fiscal year assumes the foreign-exchange impact on its results in U.S. dollars will be about negative 6% compared with the prior year.

The company said it expects revenue growth between 8% and 11% in local currency for fiscal 2023.

Accenture said it expects FX to have a negative impact of about 8.5% in the fiscal first quarter, compared with a year earlier.

Accenture said foreign currency conversion had a negative impact of 7.5% on revenue in the fourth quarter of fiscal 2022, which ended Aug. 31, compared with an assumption of a negative 8% impact.

For fiscal 2022, the negative impact of FX was reported at 4%.

 

Write to Paulo Trevisani at paulo.trevisani@wsj.com

 

(END) Dow Jones Newswires

September 22, 2022 10:24 ET (14:24 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.



Read More: Accenture Expects FX to Hurt Revenues in Fiscal 2023 — Currency Comment

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