8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Mar 25, 2010)

Filed March 25, 2010For Securities:ACN

Summary

Accenture plc filed an 8-K on March 25, 2010, to report its financial results for the second quarter of fiscal year 2010, ending February 28, 2010. The report primarily consists of a press release (Exhibit 99.1) detailing these results and highlighting certain non-GAAP financial measures used by management to provide further insight into the company's performance and liquidity. Investors should note that the press release provides information on free cash flow, net revenue changes excluding foreign currency fluctuations, and operating margin adjustments. While these non-GAAP measures are presented as supplemental information to enhance understanding, they should be considered alongside GAAP-based financial data. The filing does not contain any material new events beyond the standard earnings release, but serves as the official channel to disseminate this financial information to the public.

Key Highlights

  • 1Accenture announced its second quarter fiscal year 2010 financial results on March 25, 2010.
  • 2The filing is primarily an announcement of financial results via an attached press release (Exhibit 99.1).
  • 3The company is providing non-GAAP financial measures, including free cash flow.
  • 4Net revenue changes are presented on a local currency basis, excluding the impact of foreign currency fluctuations.
  • 5Operating margin information is provided, adjusted to exclude a benefit from reorganization liabilities in the prior year quarter.
  • 6Accenture emphasizes that non-GAAP measures are supplemental and not a substitute for GAAP financials.
  • 7The press release information is furnished, not filed, meaning it is not subject to the same liabilities as filed information.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally announce Accenture's financial results for its second quarter of fiscal year 2010, which concluded on February 28, 2010, through an attached press release.

Accenture is disclosing free cash flow (operating cash flow minus capital expenditures), percentage changes in net revenues on a local currency basis (excluding foreign currency impact), and operating margin excluding a specific prior-year benefit from reorganization liabilities.

Accenture's management believes these non-GAAP measures provide additional meaningful information about the company's liquidity, performance, and operational trends, allowing for a clearer comparison of results by excluding certain non-operational or currency-related impacts.

No, investors should consider the non-GAAP financial information as supplemental. Accenture explicitly states that this information should not be used as a substitute for the financial data prepared in accordance with Generally Accepted Accounting Principles (GAAP).