Summary
This 8-K filing from Accenture plc (ACN) on June 24, 2010, primarily announces the company's financial results for its third quarter of fiscal year 2010, ending May 31, 2010. The report includes a press release detailing these results, which is furnished as an exhibit. Investors should note that Accenture is providing certain non-GAAP financial measures, specifically free cash flow and percentage changes in net revenues on a local currency basis, alongside its GAAP reporting.
Key Highlights
- 1Accenture announced its third quarter fiscal year 2010 financial results on June 24, 2010.
- 2The fiscal quarter for these results ended on May 31, 2010.
- 3The filing includes a press release (Exhibit 99.1) containing the detailed financial results.
- 4Accenture is presenting non-GAAP financial measures, including free cash flow.
- 5The company is also reporting percentage changes in net revenues on a local currency basis, excluding reimbursements.
- 6Reconciliations between GAAP and non-GAAP measures are provided in the press release.
- 7All information in the press release is furnished, not filed, meaning it's for informational purposes and not subject to the same legal liability as filed information.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce Accenture's financial results for the third quarter of its fiscal year 2010, which ended on May 31, 2010. It includes a press release with these results.
Accenture is providing two key non-GAAP financial measures: free cash flow (defined as operating cash flow less additions to property and equipment) and percentage changes in net revenues on a local currency basis (excluding reimbursements). They believe these offer meaningful insights into the company's performance and liquidity.
The financial results and information presented in the press release are 'furnished' with the SEC, not 'filed'. This means they are provided for informational purposes and are not subject to the same level of liability under federal securities laws as 'filed' information.
The detailed financial results are available in the press release attached as Exhibit 99.1 to this 8-K filing. The filing itself primarily serves to announce the availability of this press release.