8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Mar 22, 2018)

Filed March 22, 2018For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on March 22, 2018, to report its second quarter fiscal year 2018 financial results, which concluded on February 28, 2018. The filing primarily references a news release (Exhibit 99) containing these results. Investors should note that Accenture presents several non-GAAP financial measures, including free cash flow, net revenue growth in local currency (excluding reimbursements and currency fluctuations), and adjusted earnings per share, net income, and tax rate that exclude the impact of the U.S. Tax Cuts and Jobs Act enacted in the quarter. The company's management believes these non-GAAP metrics provide valuable insights into operational performance and liquidity, facilitating a clearer understanding of the business trends by excluding specific, non-recurring, or currency-related impacts. Reconciliations to GAAP measures are available in the referenced news release, and investors are encouraged to consider these non-GAAP figures as supplemental to, not a replacement for, their GAAP counterparts.

Key Highlights

  • 1Accenture announced its second quarter fiscal year 2018 financial results on March 22, 2018, for the period ending February 28, 2018.
  • 2The filing incorporates a news release (Exhibit 99) containing detailed financial results and commentary.
  • 3Accenture provided free cash flow as a key non-GAAP liquidity measure.
  • 4Net revenue changes were reported on a local currency basis, excluding the impact of foreign currency fluctuations.
  • 5Key financial metrics like diluted EPS, net income, and effective tax rate were presented on an adjusted basis, excluding the impact of the U.S. Tax Cuts and Jobs Act.
  • 6Management believes these non-GAAP measures offer meaningful insights into the company's performance and liquidity.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce and provide access to Accenture's financial results for its second quarter of fiscal year 2018, which ended on February 28, 2018, via an attached news release.

Accenture uses several non-GAAP measures: free cash flow, net revenue growth in local currency (excluding reimbursements and currency effects), and adjusted diluted earnings per share, net income, and effective tax rate, which exclude the impact of the U.S. Tax Cuts and Jobs Act.

Accenture's management believes that these non-GAAP measures provide investors with additional meaningful information that facilitates a better understanding of the company's financial performance and liquidity by excluding certain items like foreign currency fluctuations or the impact of recent tax legislation.

Reconciliations of Accenture's non-GAAP financial measures to the most directly comparable GAAP financial measures are included within the news release that is attached as Exhibit 99 to this 8-K filing.