8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Dec 21, 2017)

Filed December 21, 2017For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on December 20, 2017, to announce its financial results for the first quarter of fiscal year 2018, ending November 30, 2017. The filing primarily consists of a news release detailing these results. Investors should note that the company provided non-GAAP financial measures, including free cash flow and net revenue growth excluding foreign currency impacts. These measures are presented to offer additional insights into the company's performance and liquidity, with reconciliations to GAAP measures included in the release. While the 8-K itself does not contain the detailed financial figures, it directs investors to the attached Exhibit 99, the news release, for the specific financial outcomes of the quarter. Management believes these non-GAAP metrics are useful for evaluating operational performance and facilitating comparisons, particularly in a global business environment susceptible to currency fluctuations. Investors are encouraged to review the full news release for a comprehensive understanding of Accenture's first-quarter FY18 performance.

Key Highlights

  • 1Accenture announced Q1 FY18 financial results via an 8-K filing on December 20, 2017.
  • 2The filing references a news release (Exhibit 99) containing the detailed financial results and commentary.
  • 3The company provided non-GAAP financial measures, including Free Cash Flow.
  • 4Accenture also reported net revenue percentage changes excluding the impact of foreign currency fluctuations (local currency basis).
  • 5Management believes these non-GAAP measures offer meaningful insights into liquidity and operational performance.
  • 6Reconciliations of non-GAAP to GAAP measures are available within the provided news release.
  • 7Investors should refer to the Exhibit 99 news release for specific financial figures and management's discussion.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Accenture's financial results for the first quarter of fiscal year 2018, which ended on November 30, 2017. It serves as a formal notification to the public and regulatory bodies regarding these results.

The detailed financial results, including specific figures and management's commentary, are contained within the news release attached as Exhibit 99 to this 8-K filing. Investors should consult this exhibit for comprehensive information.

Accenture disclosed two key non-GAAP financial measures: 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.

Accenture's management believes that these non-GAAP measures provide meaningful additional information about the company's liquidity and facilitate a more useful comparison of its net revenues by excluding the effects of currency fluctuations. This helps investors better understand the underlying operational performance.