01—Abstract
Summary
Summary of the 8-K filed March 24, 2016. Cited figures are marked; the original filing is the authoritative source.
Accenture plc filed an 8-K on March 24, 2016, to report its second-quarter fiscal year 2016 financial results, ending February 29, 2016.
The report highlights key non-GAAP financial measures that investors should pay close attention to, as they provide insights into the company's operational performance and liquidity beyond standard GAAP reporting. These include free cash flow, revenue growth excluding foreign currency fluctuations, and earnings per share adjusted for the gain on the sale of the Navitaire business. The company's management emphasizes the utility of these non-GAAP measures for a more meaningful evaluation of Accenture's business.
Investors are encouraged to review the provided reconciliations in the accompanying press release to understand the adjustments made from GAAP figures. The primary focus of this filing is the dissemination of these financial results and the methodologies used to present them, offering a clearer picture of Accenture's underlying business trends and financial health.
02—Key points
Key Highlights
- Accenture announced its Q2 FY16 financial results ending February 29, 2016.
- The filing references a press release (Exhibit 99) containing the detailed financial results.
- Key non-GAAP financial measures are disclosed, including free cash flow.
- Revenue growth is presented on a local currency basis, excluding the impact of foreign currency exchange rate fluctuations.
- Earnings per share, effective tax rate, and net income are reported excluding the gain from the sale of the Navitaire business and related taxes.
- Management believes these non-GAAP measures offer valuable insights into liquidity and operating performance.
- Reconciliations of non-GAAP to GAAP measures are available in the attached press release.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to announce and provide access to Accenture's financial results for its second quarter of fiscal year 2016, which concluded on February 29, 2016.
What are the key non-GAAP financial measures highlighted in the filing?
The key non-GAAP measures highlighted are free cash flow, percentage changes in net revenues on a local currency basis (excluding foreign currency fluctuations), and earnings per share, effective tax rate, and net income adjusted for the gain on the sale of the Navitaire business and related taxes.
Why does Accenture provide non-GAAP financial information?
Accenture's management believes that these non-GAAP measures provide additional meaningful information regarding the company's liquidity and operating performance, facilitating a better understanding of underlying business trends by excluding certain items like foreign currency impacts and one-time gains.
Where can I find the detailed financial results and reconciliations?
The detailed financial results and reconciliations of non-GAAP measures to the most directly comparable GAAP measures are provided in the press release attached as Exhibit 99 to this 8-K filing.
04—Continue