01—Abstract
Summary
Summary of the 8-K filed September 27, 2011. Cited figures are marked; the original filing is the authoritative source.
Accenture plc (ACN) filed an 8-K on September 27, 2011, to report its financial results for the fourth quarter and full fiscal year ended August 31, 2011.
The filing primarily references a press release (Exhibit 99.1) containing these results. This press release is furnished, not filed, and provides key financial performance metrics for the period. Investors should note that the company is providing non-GAAP financial measures, specifically free cash flow and net revenue changes excluding foreign currency fluctuations, which management believes offer enhanced insights into operational performance and liquidity.
02—Key points
Key Highlights
- Accenture announced its Q4 and full fiscal year 2011 financial results on September 27, 2011.
- The results were detailed in a press release furnished as Exhibit 99.1 to the 8-K filing.
- The filing provides information on non-GAAP financial measures used by management.
- Free cash flow (operating cash flow less property and equipment additions) is disclosed as a key liquidity metric.
- Net revenue percentage changes are reported on a local currency basis, excluding foreign currency exchange rate impacts.
- Accenture's management believes these non-GAAP measures provide meaningful additional insights into the company's performance.
- Reconciliations from non-GAAP to GAAP measures are available within the furnished press release.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing by Accenture?
The primary purpose of this 8-K filing is to officially report Accenture's financial results for its fourth quarter and full fiscal year ended August 31, 2011, by incorporating a press release that details these results.
What non-GAAP financial measures does Accenture highlight in this report?
Accenture highlights two key non-GAAP measures: free cash flow (defined as operating cash flow minus capital expenditures for property and equipment) and net revenue changes on a local currency basis (excluding the impact of foreign exchange rate fluctuations). These are presented to offer further insight into the company's financial health and operational performance.
Where can investors find the detailed financial results and reconciliations?
The detailed financial results and the reconciliations between the non-GAAP measures and the most directly comparable GAAP measures are found in the press release dated September 27, 2011, which is attached as Exhibit 99.1 to this 8-K filing. Note that this information is furnished, not filed.
Is the information in the press release considered filed or furnished?
The press release and its contents are furnished to the SEC as part of this 8-K filing, meaning it is provided for informational purposes but is not subject to the same legal liabilities as information that is 'filed' with the SEC.
04—Continue