Accenture warns of forex hit in 2023 amid strong IT services' demand

US firms with large overseas operations such as Microsoft and Salesforce have in recent months flagged the toll from the strongest greenback in two decades

The company has built in-house tools to help staff train better and choose their reskilling areas
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Accenture Plc on Thursday warned this year's dollar surge would hurt its fiscal 2023 results, even as robust demand for digital offerings helped the IT services major top quarterly earnings estimates.

US firms with large overseas operations such as Microsoft and Salesforce have in recent months flagged the toll from the strongest greenback in two decades.

Accenture, which generates more than half of its revenue from outside the United States, expects a 6% hit to results from the dollar in fiscal 2023. A strong greenback usually eats into profits of firms that convert foreign currencies into dollars.

The company's first-quarter revenue forecast of

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First Published: Sep 22 2022 | 8:29 PM IST

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