woodhorb

Tech Giants Facing Dollar Daze

Google admits they increased US$ revenue on international operations due to favorable exchange rates; the FX gain gave them $60M extra revenue last quarter; but they also hedge their FX exposure to some extent to offset possible declines; most companies hedge their FX exposure to some extent; so it's difficult to forcast how much the FX changes will impact the bottom line. I am surprised though that none of the analysts have nudged down their Revenue and EPS forecasts to take account of potential FX declines over the next 12 months