Summary
Accenture plc (ACN) filed an 8-K on December 15, 2021, to announce its first-quarter fiscal year 2022 financial results for the period ending November 30, 2021. The report primarily serves to attach the press release detailing these results, which is furnished but not filed. Investors should note that the press release includes non-GAAP financial measures, such as free cash flow, revenue and booking changes in local currency, and earnings per share excluding investment gains. Accenture's management believes these non-GAAP metrics offer additional insights into the company's liquidity, comparable revenue performance by excluding currency fluctuations, and the underlying operational performance by adjusting for investment gains. Reconciliations to GAAP figures are provided within the press release. Investors are advised to consider these non-GAAP measures as supplemental to, and not a substitute for, the company's GAAP financial reporting.
Key Highlights
- 1Accenture announced its Q1 FY2022 financial results ending November 30, 2021, via an 8-K filing on December 15, 2021.
- 2The filing's primary purpose is to furnish the accompanying press release detailing the quarterly financial performance.
- 3The press release contains non-GAAP financial measures, including free cash flow, local currency revenue and booking changes, and adjusted diluted EPS.
- 4Free cash flow is presented to provide additional insight into the company's liquidity.
- 5Revenue and booking changes are presented in local currency to exclude the impact of foreign exchange rate fluctuations, aiding comparability.
- 6Earnings per share are adjusted to exclude gains from an investment, offering a view of operational performance.
- 7Reconciliations of non-GAAP measures to their most directly comparable GAAP measures are available in the press release.