01—Abstract
Summary
Summary of the 8-K filed October 1, 2009. Cited figures are marked; the original filing is the authoritative source.
Accenture plc filed an 8-K report on October 1, 2009, to announce its financial results for the fourth quarter and full fiscal year ended August 31, 2009.
The report primarily directs investors to a press release (Exhibit 99.1) containing these results and discusses Accenture's use of non-GAAP financial measures. These include free cash flow, net revenue changes excluding foreign currency impacts, and earnings per share/operating income adjusted for a specific restructuring charge. Accenture's management emphasizes that these non-GAAP figures provide supplemental insights into the company's performance and liquidity, although they are not a substitute for GAAP-based reporting.
02—Key points
Key Highlights
- Accenture announced financial results for its fourth quarter and full fiscal year ended August 31, 2009.
- The filing includes a press release (Exhibit 99.1) with detailed financial results.
- The company highlighted its use of non-GAAP financial measures to provide additional insights.
- Key non-GAAP measures discussed are free cash flow and net revenue changes excluding foreign currency impacts.
- Accenture also reported on earnings per share and operating income adjusted for a fourth-quarter restructuring charge.
- Management believes these non-GAAP metrics offer a more meaningful view of performance and liquidity.
- All provided non-GAAP information is furnished and not filed with the SEC, with reconciliations to GAAP included in the press release.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The primary purpose of this 8-K filing is to announce Accenture's financial results for its fourth quarter and full fiscal year ended August 31, 2009. It also informs investors about the non-GAAP financial measures the company uses to report its performance.
Where can I find the detailed financial results?
The detailed financial results are provided in the press release attached as Exhibit 99.1 to this 8-K filing. This press release contains the company's performance figures for the specified periods.
What non-GAAP financial measures does Accenture highlight?
Accenture highlights free cash flow (operating cash flow less property and equipment additions), percentage changes in net revenues excluding foreign currency fluctuations, and earnings per share and operating income adjusted to exclude a specific restructuring charge recorded in the fourth quarter of fiscal 2009.
Why does Accenture use non-GAAP financial measures?
Accenture's management believes that these non-GAAP measures provide meaningful additional information regarding the company's liquidity and operating performance. They are intended to facilitate comparisons and understanding of the company's underlying business trends, especially when excluding the effects of foreign currency exchange rates or specific charges like restructuring.
04—Continue