Accenture warns of potential impact from Russia-Ukraine conflict

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FILE PHOTO: Accenture PLC logo is seen on a smartphone in front of displayed same logo in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/Illustration

March 17, 2022

(Reuters) -IT consulting firm Accenture Plc said on Thursday its operations could be adversely impacted if the Russia-Ukraine conflict escalates, as the sanctions on Moscow increase the level of economic and political uncertainty.

Accenture forecast third-quarter revenue above Wall Street estimates, but it excluded the impact of the war.

The company said its forecast did not include “assumptions for a significant escalation or expansion of economic disruption or the conflict’s current scope.”

Shares of the Dublin, Ireland-based company rose nearly 5% in premarket trading. The stock has fallen nearly 22% so far this year.

Earlier this month, Accenture said it was discontinuing business in Russia…

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