8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Dec 17, 2009)

Filed December 17, 2009For Securities:ACN

Summary

Accenture plc filed an 8-K on December 17, 2009, to report its financial results for the first quarter of fiscal year 2010, ending November 30, 2009. The filing primarily serves to attach a press release detailing these results, which is furnished but not formally filed with the SEC. Investors should note that the press release includes non-GAAP financial measures such as free cash flow and net revenue changes in local currency, which management believes offer enhanced insights into the company's performance and liquidity. While the 8-K itself does not contain the detailed financial figures, it directs investors to the attached press release (Exhibit 99.1) for a comprehensive overview of the Q1 FY2010 results. The inclusion of non-GAAP metrics is a key point, and the company emphasizes that these should be considered supplemental to, and not a substitute for, GAAP-based financial information. Investors are encouraged to review the reconciliations provided within the press release to understand how these non-GAAP measures are derived.

Key Highlights

  • 1Accenture plc announced its first quarter fiscal year 2010 financial results via an 8-K filing on December 17, 2009.
  • 2The results cover the fiscal quarter ending November 30, 2009.
  • 3The primary purpose of the filing is to furnish a press release (Exhibit 99.1) containing the financial results.
  • 4The press release includes non-GAAP financial measures, specifically free cash flow and percentage changes in net revenues on a local currency basis.
  • 5Management believes these non-GAAP measures provide meaningful additional insight into the company's liquidity and operational performance.
  • 6Reconciliations of non-GAAP measures to their most comparable GAAP measures are provided within the press release.
  • 7Accenture stresses that non-GAAP information is supplemental and not a substitute for GAAP financial reporting.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce and provide the financial results for Accenture's first quarter of fiscal year 2010, which ended on November 30, 2009. It includes a press release with these results as an exhibit.

The attached press release discloses two key non-GAAP financial measures: free cash flow (defined as operating cash flow minus additions to property and equipment) and percentage changes in revenues before reimbursements ('net revenues') on a local currency basis, which excludes the impact of foreign currency fluctuations.

Accenture's management believes that providing non-GAAP financial measures like free cash flow and local currency revenue changes offers investors additional meaningful insights into the company's liquidity and its ability to compare revenue performance across different periods without the impact of currency fluctuations.

No, Accenture emphasizes that the non-GAAP financial information is supplemental and should not be considered a substitute for the financial information prepared in accordance with Generally Accepted Accounting Principles (GAAP). Investors are advised to review the GAAP-based financial information and the reconciliations provided in the press release.