8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Jun 28, 2018)

Filed June 28, 2018For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on June 28, 2018, primarily to report its third quarter fiscal year 2018 financial results, which ended on May 31, 2018. The filing includes a press release detailing these results. Investors should note that Accenture provides certain non-GAAP financial measures to offer a more nuanced view of its performance, including free cash flow, net revenue growth excluding currency fluctuations, and adjusted earnings per share and operating income that exclude specific charges like those related to tax law changes and pension settlements. While the 8-K itself is brief, the attached press release (Exhibit 99) contains the detailed financial performance figures. The company emphasizes that these non-GAAP measures are supplementary and should be considered alongside their GAAP equivalents. The disclosure of these adjusted metrics allows investors to better assess operational performance by removing the impact of specific, often non-recurring, events.

Key Highlights

  • 1Accenture announced its third quarter fiscal year 2018 financial results, ending May 31, 2018.
  • 2The filing incorporates a press release (Exhibit 99) containing detailed financial information.
  • 3Accenture provides non-GAAP financial measures to enhance understanding of its performance.
  • 4Key non-GAAP metrics include free cash flow, net revenue growth in local currency, and adjusted EPS/operating income.
  • 5Adjusted financial metrics exclude impacts from tax law changes and pension settlement charges.
  • 6Reconciliations between GAAP and non-GAAP measures are available in the press release.
  • 7The company views these non-GAAP figures as supplemental to, not a replacement for, GAAP results.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce Accenture's financial results for its third quarter of fiscal year 2018, which concluded on May 31, 2018. It also includes a press release detailing these results and the non-GAAP financial measures used by the company.

Accenture discloses several non-GAAP measures. These include free cash flow (operating cash flow minus capital expenditures), net revenue growth in local currency (excluding foreign exchange impact), and adjusted diluted earnings per share, effective tax rate, net income, and operating income. The adjusted figures exclude the impact of tax law changes and a pension settlement charge.

Accenture's management believes that these non-GAAP measures provide meaningful additional information about the company's financial performance and liquidity. By excluding certain charges or currency fluctuations, these metrics aim to offer a clearer view of the underlying operational performance and facilitate easier comparison across periods.

The detailed financial results, including reconciliations of the non-GAAP financial measures to their most directly comparable GAAP measures, are contained within the news release attached as Exhibit 99 to this 8-K filing.