8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Dec 19, 2013)

Filed December 19, 2013For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on December 18, 2013, to report its financial results for the first quarter of fiscal year 2014, which ended on November 30, 2013. The filing primarily references a press release containing these results, which was issued on December 19, 2013. Investors should note that this 8-K is primarily informational, directing readers to the attached press release for the detailed financial performance and key metrics. The company also highlighted its use of non-GAAP financial measures, specifically free cash flow and net revenue growth on a local currency basis, explaining their relevance for understanding operational performance and liquidity. Reconciliations to GAAP measures are available within the press release, though these non-GAAP figures are intended as supplemental information.

Key Highlights

  • 1Accenture announced first quarter fiscal year 2014 financial results via a press release filed as an exhibit.
  • 2The fiscal quarter ended on November 30, 2013.
  • 3The filing references a press release issued on December 19, 2013, containing the detailed financial results.
  • 4Accenture utilizes non-GAAP financial measures in its reporting.
  • 5Key non-GAAP measures discussed include Free Cash Flow and net revenue growth excluding currency fluctuations (local currency basis).
  • 6Management believes these non-GAAP measures provide meaningful insights into liquidity and operational performance.
  • 7Reconciliations to GAAP financial measures are provided within the referenced press release.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report Accenture's financial results for the first quarter of fiscal year 2014, which concluded on November 30, 2013. It directs investors to an accompanying press release for the detailed financial information.

Accenture highlights two key non-GAAP measures: Free Cash Flow (defined as operating cash flow net of property and equipment additions) and percentage changes in net revenues on a local currency basis (excluding the impact of foreign currency exchange rate fluctuations).

Accenture's management believes that these non-GAAP measures provide additional meaningful information for investors. Free Cash Flow offers insight into the company's liquidity, while local currency net revenue growth allows for a clearer comparison of operational performance by removing the effects of currency exchange rate volatility.

The detailed financial results, including reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures, are provided in the press release dated December 19, 2013, which is attached as Exhibit 99 to this 8-K filing.