8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Jun 28, 2012)

Filed June 28, 2012For Securities:ACN

Summary

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.

Key Highlights

  • 1Accenture announced its third-quarter fiscal year 2012 financial results on June 28, 2012.
  • 2The fiscal quarter for these results ended on May 31, 2012.
  • 3The primary disclosure of financial results is via an attached press release (Exhibit 99).
  • 4The company provided non-GAAP financial measures, including free cash flow.
  • 5Free cash flow is defined as operating cash flow net of property and equipment additions.
  • 6Accenture also presented net revenue changes in local currency, excluding the impact of foreign exchange rates.
  • 7The press release contains reconciliations of non-GAAP measures to their GAAP equivalents.

Frequently Asked Questions

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.

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).

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.

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.