01—Abstract
Summary
Summary of the 8-K filed December 18, 2014. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- Accenture reported its Q1 FY15 financial results on December 18, 2014.
- The fiscal quarter ended on November 30, 2014.
- The filing includes a news release with detailed financial results (Exhibit 99).
- Accenture is providing non-GAAP financial measures for investor insight.
- Key non-GAAP measures include free cash flow (operating cash flow minus capital expenditures).
- Accenture is also reporting net revenue changes excluding foreign currency fluctuations (local currency basis).
- Reconciliations between GAAP and non-GAAP measures are available in the news release.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K filing?
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.
What are the key non-GAAP financial measures discussed in the filing?
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.
Where can I find the detailed financial results and reconciliations of non-GAAP measures?
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.
04—Continue