8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Sep 26, 2013)

Filed September 26, 2013For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on September 26, 2013, to report its financial results for the fourth quarter and full fiscal year ended August 31, 2013. The filing primarily directs investors to an attached press release (Exhibit 99) for detailed financial performance and operational insights. A key aspect of the announcement is Accenture's use and explanation of several non-GAAP financial measures, which management believes provide valuable supplemental information for assessing the company's performance and liquidity. Investors should pay close attention to these non-GAAP metrics, which include free cash flow, net revenue growth excluding foreign currency fluctuations, and earnings per share, operating income, and tax rates adjusted for specific non-recurring items such as reorganization benefits and the settlement of U.S. federal tax liabilities. Reconciliations to GAAP measures are provided within the press release, highlighting the company's commitment to transparency while offering deeper insights into underlying operational trends and financial health.

Key Highlights

  • 1Accenture announced its Q4 and full fiscal year 2013 financial results via a press release filed as Exhibit 99.
  • 2The company utilizes and explains several non-GAAP financial measures to provide supplemental performance insights.
  • 3Key non-GAAP metrics disclosed include free cash flow, net revenue growth in local currency (excluding foreign exchange impacts), and adjusted EPS, operating income, and tax rates.
  • 4Adjustments to earnings metrics exclude reorganization benefits and a U.S. federal tax liability settlement.
  • 5Management believes these non-GAAP measures offer meaningful additional information on liquidity and operating performance.
  • 6Reconciliations of non-GAAP measures to their most directly comparable GAAP financial measures are available in the press release.
  • 7The filing itself is brief, primarily serving to incorporate the press release's content.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce and provide access to Accenture's financial results for the fourth quarter and the full fiscal year ended August 31, 2013. It directs investors to an attached press release (Exhibit 99) for the detailed financial information.

Accenture highlights several non-GAAP measures including free cash flow (operating cash flow less capital expenditures), percentage changes in net revenues on a local currency basis (excluding foreign exchange impacts), and earnings per share, operating income, operating margin, and effective tax rate, adjusted for specific items like reorganization benefits and U.S. federal tax liability settlements.

Accenture's management believes these non-GAAP measures provide meaningful additional information that facilitates a better understanding of the company's liquidity, operating performance, and underlying trends, especially by excluding the impact of foreign currency fluctuations and non-recurring items.

All detailed financial results, explanations of the non-GAAP measures, and reconciliations to the most directly comparable GAAP measures are contained within the press release dated September 26, 2013, which is attached as Exhibit 99 to this 8-K filing.