8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Sep 28, 2017)

Filed September 28, 2017For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on September 28, 2017, to announce its financial results for the fourth quarter and full fiscal year ended August 31, 2017. The filing primarily references a furnished press release (Exhibit 99) which details these results, along with the company's use of non-GAAP financial measures. Investors should note that the press release provides key performance indicators such as free cash flow, net revenue changes in local currency, and adjusted diluted earnings per share. These non-GAAP figures are presented to offer a clearer view of operational performance by excluding certain items like pension settlement charges and gains from business divestitures. The company emphasizes that while these non-GAAP measures are considered supplemental and useful for evaluation, they should be viewed in conjunction with, and not as a substitute for, the GAAP-based financial information. The SEC filing itself does not contain the detailed financial statements or results but serves as a notification of the release of this information and directs readers to the attached exhibit for the specifics of their performance and outlook.

Key Highlights

  • 1Accenture released financial results for Q4 and full fiscal year 2017 on September 28, 2017.
  • 2The filing includes a press release (Exhibit 99) containing detailed financial performance data.
  • 3Accenture is reporting non-GAAP financial measures including free cash flow and net revenue growth in local currency.
  • 4Adjusted diluted earnings per share and other metrics exclude the impact of a U.S. pension plan settlement charge and gains from the sale of Navitaire and Duck Creek businesses.
  • 5Management believes non-GAAP measures provide meaningful insights into operational performance and liquidity.
  • 6Reconciliations between GAAP and non-GAAP measures are provided within the referenced news release.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly announce Accenture's financial results for its fourth quarter and full fiscal year ended August 31, 2017, by referencing a furnished news release (Exhibit 99) which contains the detailed financial information.

Accenture uses non-GAAP measures such as free cash flow, net revenue changes in local currency, and adjusted earnings per share. They believe these measures provide a more meaningful view of the company's liquidity and operational performance by excluding items like foreign currency fluctuations, pension settlement charges, and gains from divestitures.

While Accenture's management believes these non-GAAP measures are useful for evaluating performance, they should be considered supplemental. Investors should refer to both the non-GAAP information and the primary GAAP-based financial statements and results, which are detailed in the furnished news release, for a comprehensive understanding.

The adjusted financial results exclude a pension settlement charge related to the termination of Accenture's U.S. pension plan, and gains recognized from the sale of its Navitaire business and the partial divestiture of its Duck Creek business.