8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Jun 23, 2011)

Filed June 23, 2011For Securities:ACN

Summary

This Accenture plc (ACN) 8-K filing, dated June 23, 2011, reports the company's financial results for its third quarter of fiscal year 2011, which concluded on May 31, 2011. The primary focus of this report is the dissemination of these financial results, as detailed in an accompanying press release. Investors should note that Accenture is providing certain non-GAAP financial measures to offer a more nuanced view of its performance and liquidity. The non-GAAP measures highlighted include free cash flow (operating cash flow less capital expenditures) and net revenue growth on a local currency basis, excluding the impact of currency fluctuations. Accenture's management believes these metrics provide valuable insights into the company's operational efficiency and financial health beyond traditional GAAP reporting. Reconciliations to GAAP measures are available in the referenced press release, emphasizing that these supplemental figures should be considered alongside, not as a replacement for, GAAP-based information.

Key Highlights

  • 1Accenture plc filed an 8-K on June 23, 2011, to report its third quarter FY11 financial results.
  • 2The third fiscal quarter ended on May 31, 2011.
  • 3The filing includes a press release (Exhibit 99.1) detailing these financial results.
  • 4Accenture is presenting non-GAAP financial measures alongside GAAP results.
  • 5Key non-GAAP metrics disclosed are free cash flow and net revenue growth in local currency.
  • 6Free cash flow is defined as operating cash flow minus additions to property and equipment.
  • 7Local currency net revenue growth excludes the impact of foreign currency exchange rate fluctuations.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Accenture's financial results for the third quarter of its fiscal year 2011, which ended on May 31, 2011. It includes an attached press release that contains these details.

Accenture is providing two key non-GAAP financial measures: free cash flow (defined as operating cash flow less capital expenditures) and percentage changes in net revenues on a local currency basis (which excludes the impact of foreign currency fluctuations). Accenture believes these provide additional meaningful insights into the company's performance and liquidity.

The specific financial results for the third quarter of fiscal year 2011 are detailed in the press release attached as Exhibit 99.1 to this 8-K filing.

No, Accenture states that while its management believes the non-GAAP information is useful, it should be considered supplemental and not a substitute for financial information prepared in accordance with GAAP. Reconciliations to GAAP measures are provided in the press release.