01—Abstract
Summary
Summary of the 8-K/A filed December 16, 2022. Cited figures are marked; the original filing is the authoritative source.
This 8-K/A filing from Accenture plc (ACN) on December 16, 2022, serves as an amendment to a previous filing, primarily to attach an updated news release detailing the company's financial results for the first quarter of fiscal year 2023, ending November 30, 2022.
The filing emphasizes the company's financial performance and operational highlights as presented in the accompanying press release. Investors should note that the information furnished herein is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act or otherwise subject to the liabilities of that section. The report also clarifies the use of non-GAAP financial measures, including free cash flow and local currency revenue/booking changes, which management believes offer valuable insights into the company's performance and liquidity, while also providing reconciliations to GAAP measures.
02—Key points
Key Highlights
- Accenture reported its financial results for the first quarter of fiscal year 2023.
- The filing includes a news release with detailed financial performance and operational metrics.
- Key non-GAAP financial measures disclosed are free cash flow and revenue/bookings changes on a local currency basis.
- Management believes these non-GAAP measures provide meaningful additional information on liquidity and operational comparison, excluding currency fluctuations.
- Reconciliations between non-GAAP and GAAP financial measures are available within the provided news release.
- The information furnished in the news release is supplemental and should not substitute for GAAP financial information.
- The filing includes Exhibit 99, the news release dated December 16, 2022.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K/A filing?
The main purpose of this 8-K/A filing is to attach an updated news release that announces Accenture's financial results for its first quarter of fiscal year 2023, which concluded on November 30, 2022. It provides investors with the company's latest performance data.
What non-GAAP financial measures does Accenture highlight in this filing?
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 measures are presented to offer additional insights into the company's liquidity and to allow for more meaningful comparisons of revenue performance by excluding the impact of foreign currency exchange rate fluctuations.
Where can I find the detailed financial results and reconciliations?
The detailed financial results, including reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures, are provided in the news release attached as Exhibit 99 to this 8-K/A filing.
Is the information in the news release considered filed or furnished?
The information in the news release is furnished and not filed. This means it is provided for informational purposes but does not carry the same legal implications as 'filed' information under Section 18 of the Securities Exchange Act.
04—Continue