8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Sep 24, 2015)

Filed September 24, 2015For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on September 24, 2015, to report its financial results for the fourth quarter and full fiscal year ended August 31, 2015. The filing primarily references a press release (Exhibit 99) containing these results. Investors should note that Accenture provided several non-GAAP financial measures in its release, including free cash flow, net revenue growth on a local currency basis (excluding reimbursements), and adjusted earnings per share, operating income, operating margin, net income, and effective tax rate. These adjustments excluded a non-cash charge related to the settlement of U.S. pension obligations. The company's management views these non-GAAP metrics as providing valuable insights into operational performance and liquidity, supplementing the standard GAAP financial reporting.

Key Highlights

  • 1Accenture announced its Q4 and full fiscal year 2015 financial results on September 24, 2015.
  • 2The primary content of the 8-K filing is a press release detailing these financial results.
  • 3The company utilized several non-GAAP financial measures to provide additional context on performance.
  • 4Key non-GAAP metrics include free cash flow, local currency net revenue growth, and adjusted EPS/operating results.
  • 5Adjustments were made to exclude the impact of a non-cash pension settlement charge.
  • 6Accenture's management believes these non-GAAP measures offer meaningful insights beyond GAAP reporting.
  • 7Investors are directed to the press release (Exhibit 99) for full details and reconciliations to GAAP measures.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report Accenture's financial results for its fourth quarter and full fiscal year ended August 31, 2015, by attaching the press release that contains these results.

Accenture provided non-GAAP measures including free cash flow, net revenue growth on a local currency basis (excluding reimbursements), and adjusted earnings per share, operating income, operating margin, net income, and effective tax rate, which excluded a non-cash charge from U.S. pension settlement.

Accenture's management uses these non-GAAP measures because they believe they provide meaningful additional information regarding the company's liquidity and operational performance, allowing for better comparison and understanding of underlying business trends, especially by excluding the impact of foreign currency fluctuations and specific non-recurring charges like the pension settlement.

The full financial details, including reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures, are available in the press release dated September 24, 2015, which is attached as Exhibit 99 to this 8-K filing.