8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Sep 27, 2018)

Filed September 27, 2018For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on September 27, 2018, to report its financial results for the fourth quarter and full fiscal year ended August 31, 2018. The filing includes a news release detailing these results, which investors should review for a comprehensive understanding. Accenture provided key non-GAAP financial measures to offer additional insights into its performance and liquidity, including free cash flow, net revenue growth in local currency (excluding reimbursements), and adjusted earnings per share and net income. The company emphasized that these non-GAAP measures, while useful, are supplemental and should be considered alongside GAAP-compliant financial statements. The news release, attached as Exhibit 99, contains detailed reconciliations of these non-GAAP figures to their GAAP equivalents, allowing investors to evaluate the company's financial health and operational performance with a clearer perspective.

Key Highlights

  • 1Accenture announced its Q4 and full fiscal year 2018 financial results on September 27, 2018, via an 8-K filing.
  • 2The filing includes a news release (Exhibit 99) containing the detailed financial results.
  • 3Accenture presented non-GAAP financial measures including free cash flow, local currency net revenue growth, and adjusted EPS/net income.
  • 4Free cash flow is defined as operating cash flow less additions to property and equipment.
  • 5Net revenue growth is presented on a local currency basis, excluding the impact of reimbursements and currency fluctuations.
  • 6Adjusted EPS and net income exclude the effects of tax law changes (FY18) and a pension settlement charge (FY17).
  • 7The company stressed that non-GAAP measures are supplemental and should be used in conjunction with GAAP financial results.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Accenture's financial results for its fourth quarter and full fiscal year ended August 31, 2018, and to provide investors with access to the related news release.

Accenture provides free cash flow, net revenue growth in local currency (excluding reimbursements), and adjusted diluted earnings per share, effective tax rate, net income, and provision for income taxes. These adjustments 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 for evaluating the company's liquidity, facilitating comparison of net revenue performance excluding currency effects, and understanding financial performance by isolating the impact of specific charges like tax law changes and pension settlements.

The complete financial results, including the definitions and reconciliations of non-GAAP measures to their most directly comparable GAAP measures, are available in the news release attached as Exhibit 99 to this 8-K filing.