Business Standard

Tuesday, December 24, 2024 | 08:26 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Accenture sees Q1 revenue below estimates due to currency volatility

For the full year, the company reported revenue of $61.6 billion an increase of 22 per cent in the US dollar terms

Accenture
Premium

Photo: Shutterstock

BS Reporter Mumbai
Accenture’s first-quarter guidance of $15.20 billion - $15.75 billion, much below the street expectations, does not bode well for the Indian IT services industry.

Accenture, which announced its quarter fourth number and full-year performance, saw its numbers getting impacted by currency volatility. Revenue for the quarter ended August 31, 2022 came in at $15.4 billion. The foreign exchange impact for the quarter was approximately negative 7.5 per cent, compared with the assumption of a negative 8 per cent impact provided in the company’s third-quarter earnings release.

For the full year the company reported revenue of $61.6 billion-- an increase of 22 per

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in