8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Mar 19, 2020)

Filed March 19, 2020For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on March 19, 2020, to announce its second-quarter fiscal 2020 financial results, which concluded on February 29, 2020. The filing primarily serves to attach the corresponding press release, which contains the detailed financial outcomes. Investors should note that the press release includes non-GAAP financial measures, such as free cash flow and revenue changes on a local currency basis, which Accenture's management believes offer additional insights into liquidity and operational performance by excluding currency fluctuations. While the 8-K itself is brief and largely directs readers to the attached press release for substantive financial details, the inclusion of these non-GAAP measures is intended to provide a clearer view of the company's underlying business trends. Investors are advised to review the reconciliations provided within the press release to understand how these non-GAAP figures relate to the standard GAAP financial statements. The press release and its financial disclosures are furnished, not filed, meaning they are provided for informational purposes and do not carry the same legal weight as filed financial statements.

Key Highlights

  • 1Accenture announced its second-quarter fiscal 2020 financial results via a press release filed on March 19, 2020.
  • 2The 8-K filing primarily serves to attach the press release containing the detailed financial results.
  • 3The press release includes non-GAAP financial measures: free cash flow and revenue changes in local currency.
  • 4Accenture's management believes these non-GAAP measures offer valuable insights into liquidity and operational performance.
  • 5Free cash flow is defined as operating cash flow net of property and equipment additions.
  • 6Revenue changes in local currency exclude the impact of foreign currency exchange rate fluctuations.
  • 7Reconciliations between non-GAAP and GAAP measures are provided within the attached press release.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce and attach Accenture's press release detailing its financial results for the second quarter of fiscal year 2020, which ended on February 29, 2020.

Accenture presents two key non-GAAP financial measures: free cash flow (operating cash flow minus capital expenditures) and percentage changes in revenues calculated on a local currency basis, excluding the impact of foreign exchange rate fluctuations.

Accenture's management believes that non-GAAP financial measures, such as free cash flow and local currency revenue growth, provide additional meaningful information regarding the company's liquidity and operational performance by isolating the effects of currency exchange rates and capital investments, allowing for a clearer comparison of business trends.

The detailed financial results and the reconciliations of non-GAAP measures to the most comparable GAAP measures are located in the press release dated March 19, 2020, which is attached as Exhibit 99 to this 8-K filing.