The Financial Post reports in its Friday edition that Montreal-based Lightspeed Commerce, which lists its shares on both the Toronto Stock Exchange and New York Stock Exchange, adjusted its annual revenue forecast from $740-million (U.S.) to $760-million (U.S.), down to $730-million (U.S.) to $740-million (U.S.) in its most recent quarterly report. The Post's Jonathan Got writes that chief executive officer Jean-Pierre Chauvet estimated $13-million (U.S.) of that decrease will come from exchange rate fluctuations, because the firm reports in U.S. dollars but earns 40 per cent of its revenue from other countries. "Because they report in U.S. dollars, the portions of their revenue that are not denominated in U.S. dollars are negatively affected," said Eugene Simuni, an analyst at New York-based research firm MoffettNathanson. Lightspeed posted a second quarter gross transaction value growth rate of 18 per cent, but the number rose to 26 per cent after it was adjusted for exchange rate fluctuations. Mr. Simuni said he expects a strong U.S. currency to remain a financial reporting concern for Lightspeed over the next few quarters, but added that fluctuations will not likely impact the fintech's operations.