Summary
Accenture plc (ACN) filed an 8-K on June 25, 2020, to report its third-quarter fiscal year 2020 financial results, which concluded on May 31, 2020. The filing primarily consists of a furnished news release detailing these results. Investors should note that Accenture utilizes and discloses certain non-GAAP financial measures, including free cash flow and percentage changes in revenues and bookings on a local currency basis, to provide additional insights into the company's performance and liquidity. The company management believes these non-GAAP metrics offer a more meaningful comparison of operational trends by excluding foreign currency fluctuations and capital expenditures' impact on cash flow.
Key Highlights
- 1Accenture announced its Q3 fiscal 2020 financial results via a news release filed on June 25, 2020.
- 2The reporting period for these results was the quarter ending May 31, 2020.
- 3The company provided non-GAAP financial measures, including free cash flow.
- 4Free cash flow is defined as operating cash flow net of property and equipment additions.
- 5Accenture also reported percentage changes in revenues and bookings on a local currency basis.
- 6These local currency figures exclude the impact of foreign currency exchange rate fluctuations.
- 7Reconciliations between GAAP and non-GAAP measures are available in the furnished news release.