8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Dec 20, 2018)

Filed December 20, 2018For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on December 19, 2018, to report its first-quarter fiscal year 2019 financial results, ending November 30, 2018. The report highlights the company's financial performance and provides insights into key operational metrics. Investors should note that the information furnished in the attached news release, while providing a comprehensive overview, includes non-GAAP financial measures. The non-GAAP measures discussed are free cash flow and percentage changes in revenues on a local currency basis. Accenture's management utilizes these metrics to offer a more granular view of the company's liquidity and revenue performance, excluding the impact of foreign currency fluctuations. Reconciliations to GAAP measures are available within the provided news release, which serves as the primary source of detailed financial information in this filing.

Key Highlights

  • 1Accenture announced its first-quarter fiscal year 2019 financial results, ending November 30, 2018.
  • 2The filing includes a news release containing detailed financial results and commentary.
  • 3The company utilizes and reports non-GAAP financial measures for enhanced investor understanding.
  • 4Key non-GAAP measures disclosed include free cash flow and revenue changes in local currency.
  • 5Free cash flow is defined as operating cash flow net of property and equipment additions.
  • 6Revenue changes on a local currency basis are presented to exclude foreign exchange rate fluctuations.
  • 7Reconciliations of non-GAAP measures to their most directly comparable GAAP measures are provided in the news release.

Frequently Asked Questions

This 8-K filing is primarily to report Accenture's financial results for its first quarter of fiscal year 2019, which concluded on November 30, 2018. It includes a news release with these results.

Accenture provides two key non-GAAP financial measures: free cash flow (defined as operating cash flow less property and equipment additions) and percentage changes in revenues on a local currency basis. These are presented to offer additional insights into the company's performance and liquidity.

Accenture reports revenue changes in local currency to allow for a more meaningful comparison of its revenue performance by excluding the impact of fluctuations in foreign currency exchange rates. This provides a clearer view of underlying business growth.

The detailed financial results, along with reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures, are included in the news release attached as Exhibit 99 to this 8-K filing.