8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Jun 23, 2022)

Filed June 23, 2022For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on June 23, 2022, to report its third quarter fiscal year 2022 financial results, which concluded on May 31, 2022. The filing primarily directs investors to an attached press release for detailed financial information. This release includes both GAAP and non-GAAP financial measures, with the latter being presented to offer further insights into operational performance and liquidity. Key non-GAAP measures highlighted include free cash flow, revenue and bookings growth in local currency (to exclude foreign exchange impacts), and diluted earnings per share adjusted for investment gains. The company emphasizes that these non-GAAP figures are supplemental and should be considered alongside, not as a replacement for, their GAAP equivalents. Investors should review the full press release for the specific financial results and reconciliations provided by Accenture.

Key Highlights

  • 1Accenture reported its Q3 FY2022 financial results on June 23, 2022.
  • 2The filing refers investors to an attached press release (Exhibit 99) for detailed financial results.
  • 3The press release includes both GAAP and non-GAAP financial measures.
  • 4Key non-GAAP metrics discussed include free cash flow, local currency revenue/bookings growth, and EPS adjusted for investment gains.
  • 5Accenture's management believes non-GAAP measures provide meaningful supplemental information for evaluating performance and liquidity.
  • 6Reconciliations between non-GAAP and comparable GAAP measures are available within the press release.
  • 7The filing is furnished and not deemed to be filed with the SEC.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce and provide access to Accenture's financial results for the third quarter of fiscal year 2022, which ended on May 31, 2022. It directs investors to a press release containing these details.

Accenture presents several non-GAAP financial measures, including free cash flow, percentage changes in revenues and bookings on a local currency basis (to exclude foreign exchange fluctuations), and diluted earnings per share, effective tax rate, income before income taxes, income tax expense, and net income excluding gains on an investment.

No, Accenture's management states that while these non-GAAP measures are useful, they are supplemental and should be considered in addition to, not as a substitute for, the financial information prepared in accordance with GAAP.

The specific financial results and reconciliations between non-GAAP and GAAP measures are detailed in the press release attached as Exhibit 99 to this 8-K filing.