UK businesses are not as unaffected by the new currency as many seem to believe. Much of the recent news coverage has been about the continuing low value of the euro against sterling and the US dollar and what the ECB (European Central Bank) might...
The main losers were Japan and Germany, which suffered from correspondingly high currency values leading to poor sales and economic recession. The US gave the impression of having defied the trend between 1985 and 1995 but this was achieved largely...
The company said the impact of foreign currency rates contributed to about three per cent growth in its total revenue. The unit saw a 19 per cent increase in Windows-based server shipments and got an additional boost from foreign currency exchange.
In 2001 they had been found guilty of running a cartel to fix foreign currency exchange rates ahead of the introduction of the euro. According to the Financial Times, the European Court of First Instance overturned the fine because an EC lawyer who...
The company said had it faced the same currency exchange rates as a year ago, its earnings would have been dented by $221m. As in other recent quarters, Microsoft's earnings benefited from a weaker dollar.
Measuring IT growth in local currencies, as opposed to the US dollar, paints a more moderate picture of market conditions, according to a new report from Forrester Research. Andrew Bartels, VP and research analyst at Forrester Research, said...