8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Dec 16, 2022)

Filed December 16, 2022For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on December 16, 2022, to announce its first-quarter fiscal year 2023 financial results for the period ending November 30, 2022. The filing primarily directs investors to the attached news release (Exhibit 99) for the detailed financial outcomes and operational performance. This report highlights Accenture's use of non-GAAP financial measures, specifically free cash flow and local currency changes in revenues and bookings, to provide supplemental insights into the company's liquidity and operational performance by excluding the impact of foreign currency fluctuations. Investors should review the accompanying news release for specific figures related to revenue, earnings, and other key performance indicators. The company emphasizes that while these non-GAAP measures offer valuable context, they should be considered in conjunction with, and not as a substitute for, the GAAP financial statements. The filing serves as a notification of the results announcement and an incorporation by reference of the detailed press release.

Key Highlights

  • 1Accenture announced its Q1 FY2023 financial results on December 16, 2022.
  • 2The filing refers investors to a press release (Exhibit 99) for detailed financial results.
  • 3Key non-GAAP metrics disclosed include free cash flow and local currency revenue/bookings growth.
  • 4Free cash flow is defined as operating cash flow minus capital expenditures on property and equipment.
  • 5Local currency reporting aims to provide a clearer view of operational performance by removing foreign exchange rate impacts.
  • 6The company stresses that non-GAAP measures are supplemental and should be used alongside GAAP figures.
  • 7The report includes standard SEC exhibits such as the news release and an Inline XBRL cover page.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce Accenture's financial results for the first quarter of fiscal year 2023 and to provide investors with access to the detailed press release containing these results.

Accenture highlights free cash flow (operating cash flow less additions to property and equipment) and percentage changes in revenues and bookings on a local currency basis. These are provided to offer additional insights into the company's liquidity and operational performance.

The actual financial results, including revenue, earnings, and other performance metrics, are detailed in the news release attached as Exhibit 99 to this 8-K filing. Investors are encouraged to refer to this news release for comprehensive information.

Accenture's management believes the non-GAAP information provides meaningful additional insights. However, the company emphasizes that these measures are supplemental and should be considered in conjunction with, and not as a substitute for, the financial information prepared in accordance with Generally Accepted Accounting Principles (GAAP).