8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Mar 24, 2011)

Filed March 24, 2011For Securities:ACN

Summary

Accenture plc filed an 8-K on March 24, 2011, to report its financial results for the second quarter of fiscal year 2011, ending February 28, 2011. The filing primarily serves as a notification that a press release containing these results was issued on the same date. Investors should refer to the attached Exhibit 99.1 for the detailed financial performance and operational metrics. This report highlights Accenture's commitment to providing timely updates on its financial condition and operational outcomes to the market. The company also specified two non-GAAP financial measures it utilizes: free cash flow (operating cash flow less additions to property and equipment) and percentage changes in net revenues on a local currency basis. Accenture's management believes these measures offer valuable insights into the company's liquidity and revenue growth, excluding the impact of foreign currency fluctuations, thereby facilitating a more meaningful comparison of performance over time. Reconciliations to GAAP measures are available in the press release.

Key Highlights

  • 1Accenture announced its financial results for the second quarter of fiscal year 2011, ending February 28, 2011.
  • 2The 8-K filing includes a press release (Exhibit 99.1) detailing these financial results.
  • 3The company disclosed its use of non-GAAP financial measures, including free cash flow.
  • 4Percentage changes in net revenues on a local currency basis are also presented as a non-GAAP measure.
  • 5Management believes these non-GAAP measures provide meaningful additional information about the company's liquidity and revenue performance.
  • 6Reconciliations of non-GAAP measures to their most directly comparable GAAP measures are included in the press release.
  • 7The filing was made on March 24, 2011, providing timely information to investors.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Accenture's financial results for its second quarter of fiscal year 2011, which ended on February 28, 2011. It formally submits the press release containing these results to the SEC.

Accenture uses two key non-GAAP measures: free cash flow (defined as operating cash flow less property and equipment additions) and net revenue growth excluding foreign currency fluctuations. Management believes these measures provide investors with a clearer understanding of the company's liquidity and operational performance by removing the impact of currency exchange rate volatility and capital expenditures.

The detailed financial results for Accenture's second quarter of fiscal year 2011 are provided in the press release attached as Exhibit 99.1 to this 8-K filing. This press release also includes reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures.

The information in the press release is furnished, not filed, with the SEC. This means it is provided to the SEC for informational purposes but does not carry the same legal implications as officially filed financial statements.