01—Abstract
Summary
Summary of the 8-K filed December 19, 2012. Cited figures are marked; the original filing is the authoritative source.
Accenture plc (ACN) filed an 8-K on December 19, 2012, to announce its first-quarter fiscal year 2013 financial results for the period ending November 30, 2012.
The filing primarily serves as an announcement vehicle for the attached press release, which contains the detailed financial performance information. Investors should note that the press release includes non-GAAP financial measures such as free cash flow and net revenue growth in local currency, excluding foreign currency fluctuations.
Accenture's management views these metrics as valuable for understanding the company's liquidity and underlying business performance, but they should be considered supplemental to, and not a replacement for, GAAP-reported figures. The 8-K itself does not provide the specific financial numbers but directs readers to the accompanying press release for these details.
02—Key points
Key Highlights
- Accenture announced Q1 FY2013 financial results via an 8-K filing on December 19, 2012.
- The report covers the fiscal quarter ended November 30, 2012.
- The filing's primary purpose is to attach a press release containing the detailed financial results.
- Accenture presented non-GAAP financial measures, including free cash flow.
- Free cash flow is defined as operating cash flow net of property and equipment additions.
- The company also reported percentage changes in net revenues on a local currency basis, excluding foreign currency impacts.
- Management believes these non-GAAP measures offer valuable insights into liquidity and operational performance.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The primary purpose of this 8-K filing is to officially announce Accenture's financial results for its first quarter of fiscal year 2013, which ended on November 30, 2012. It directs investors to an attached press release for the specific financial details.
What non-GAAP financial measures does Accenture highlight in this report?
Accenture highlights two key non-GAAP financial measures: free cash flow (defined as operating cash flow less additions to property and equipment) and net revenue growth in local currency (excluding the impact of foreign currency exchange rate fluctuations). These are presented to provide additional insights into the company's liquidity and underlying business performance.
Where can I find the actual financial numbers for Q1 FY2013?
The actual financial results, including revenue, earnings, and other key performance indicators for the first quarter of fiscal year 2013, are detailed in the press release attached as Exhibit 99 to this 8-K filing. The 8-K itself does not contain these specific figures.
Why does Accenture provide non-GAAP financial information?
Accenture's management believes that non-GAAP financial measures such as free cash flow and local currency revenue growth provide meaningful additional information that helps investors better understand the company's operational performance and liquidity. They are intended to supplement, not replace, the GAAP-based financial information.
04—Continue