Summary
This 8-K filing from Accenture plc, dated December 18, 2014, announces the company's financial results for its first quarter of fiscal year 2015, which ended on November 30, 2014. The key information disclosed is within the attached news release, which is furnished but not filed. Investors should note that Accenture is presenting certain non-GAAP financial measures, specifically free cash flow and percentage changes in net revenues on a local currency basis, to provide additional insights into the company's performance and liquidity.
Key Highlights
- 1Accenture reported its Q1 FY15 financial results on December 18, 2014.
- 2The fiscal quarter ended on November 30, 2014.
- 3The filing includes a news release with detailed financial results (Exhibit 99).
- 4Accenture is providing non-GAAP financial measures for investor insight.
- 5Key non-GAAP measures include free cash flow (operating cash flow minus capital expenditures).
- 6Accenture is also reporting net revenue changes excluding foreign currency fluctuations (local currency basis).
- 7Reconciliations between GAAP and non-GAAP measures are available in the news release.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce Accenture's financial results for the first quarter of fiscal year 2015 and to provide investors with supplementary non-GAAP financial information that management believes offers additional meaningful insights into the company's performance and liquidity.
The key non-GAAP financial measures highlighted are 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, which excludes the impact of foreign currency exchange rate fluctuations.
The detailed financial results and reconciliations of the non-GAAP financial measures to their most directly comparable GAAP measures are located in the news release attached as Exhibit 99 to this 8-K filing. This information is furnished, not filed, with the SEC.