01—Abstract
Summary
Summary of the 8-K filed June 28, 2012. Cited figures are marked; the original filing is the authoritative source.
Accenture plc filed an 8-K on June 28, 2012, to report its third-quarter fiscal year 2012 financial results, which concluded on May 31, 2012.
The filing primarily directs investors to a press release (Exhibit 99) containing these results and additional non-GAAP financial information. Key non-GAAP measures highlighted include free cash flow and net revenue changes on a local currency basis, both of which management believes offer valuable insights into the company's liquidity and operational performance, respectively, by removing the impact of foreign currency fluctuations. Investors should review the press release for detailed reconciliations and a comprehensive understanding of the results, as these non-GAAP figures are supplementary to the official GAAP financial statements.
02—Key points
Key Highlights
- Accenture announced its third-quarter fiscal year 2012 financial results on June 28, 2012.
- The fiscal quarter for these results ended on May 31, 2012.
- The primary disclosure of financial results is via an attached press release (Exhibit 99).
- The company provided non-GAAP financial measures, including free cash flow.
- Free cash flow is defined as operating cash flow net of property and equipment additions.
- Accenture also presented net revenue changes in local currency, excluding the impact of foreign exchange rates.
- The press release contains reconciliations of non-GAAP measures to their GAAP equivalents.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to announce Accenture's financial results for the third quarter of fiscal year 2012 and to provide investors with access to the press release that contains these results and related non-GAAP financial information.
What non-GAAP financial measures does Accenture provide?
Accenture provides two key non-GAAP financial measures: free cash flow (defined as operating cash flow minus additions to property and equipment) and percentage changes in net revenues on a local currency basis (which excludes foreign currency exchange rate fluctuations).
Why does Accenture provide non-GAAP financial information?
Accenture's management believes that free cash flow offers meaningful insights into the company's liquidity, and that changes in net revenues excluding foreign currency effects facilitate a better comparison of operational performance. These measures are presented as supplemental information to GAAP results.
Where can I find the detailed financial results and reconciliations?
Detailed financial results and reconciliations of the non-GAAP financial measures to their most directly comparable GAAP measures are available in the press release dated June 28, 2012, which is included as Exhibit 99 to this 8-K filing.
04—Continue