8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Jun 27, 2013)

Filed June 27, 2013For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on June 27, 2013, announcing its financial results for the third quarter of fiscal year 2013, ending May 31, 2013. The report highlights the company's financial performance and provides insights into its operational efficiency through the disclosure of several non-GAAP financial measures. Investors should note that the press release attached as an exhibit contains the detailed financial information and is furnished, not filed. Key non-GAAP measures discussed include free cash flow, net revenue growth excluding foreign currency fluctuations, and earnings per share and operating metrics adjusted for specific reorganization benefits and U.S. federal tax liabilities. Accenture's management utilizes these metrics to offer a clearer view of underlying business performance and liquidity, supplementing the standard GAAP financial reporting. Investors are encouraged to review the reconciliations provided within the press release to fully understand how these non-GAAP figures relate to their GAAP counterparts.

Key Highlights

  • 1Accenture announced its Q3 FY13 financial results on June 27, 2013, for the quarter ending May 31, 2013.
  • 2The filing includes a press release with detailed financial results and non-GAAP disclosures.
  • 3Non-GAAP financial measures presented include free cash flow, net revenue growth in local currency, and adjusted EPS/operating income.
  • 4Adjustments were made for reorganization benefits and U.S. federal tax liability settlements to show core operating performance.
  • 5The company believes these non-GAAP metrics provide meaningful insights into liquidity and operational performance.
  • 6Reconciliations between GAAP and non-GAAP measures are available in the furnished press release.
  • 7The press release is furnished as an exhibit (Exhibit 99) and is not considered filed with the SEC.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce Accenture's financial results for its third quarter of fiscal year 2013 and to provide investors with supplementary financial information, including key non-GAAP metrics, through an attached press release.

Accenture is highlighting free cash flow, percentage changes in net revenues on a local currency basis (excluding foreign currency impact), and earnings per share, operating income, operating margin, and effective tax rate, both excluding specific reorganization benefits and U.S. federal tax liability settlements. These are presented to provide a clearer view of operational performance and liquidity.

Accenture's management uses non-GAAP financial measures to offer additional meaningful information about the company's liquidity and operational performance, which they believe facilitates a better understanding of the business by excluding the impact of foreign currency fluctuations, past reorganization items, and tax settlements.

The detailed financial results and the reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are available in the press release attached as Exhibit 99 to this 8-K filing. This information is furnished, not filed.