 "Accenture")
IT services company Accenture Plc forecast fourth-quarter revenue below expectations and tempered its fiscal 2022 profit forecast on Thursday, threatened by rising inflation and the impact of a stronger dollar on its overseas earnings.
Foreign exchange headwinds have also forced companies such as Microsoft and Salesforce to temper their
expectations for the year.
A hawkish Federal Reserve and heightened geopolitical tensions have driven gains in the dollar against a basket of currencies over the last year.
Typically, a stronger dollar eats into the profits of companies that have sprawling international operations and convert foreign currencies into dollars.
Accenture, which makes more than half of its
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