01—Abstract
Summary
Summary of the 8-K filed December 19, 2023. Cited figures are marked; the original filing is the authoritative source.
Accenture plc (ACN) filed an 8-K on December 19, 2023, to announce its financial results for the first quarter of fiscal year 2024, which concluded on November 30, 2023.
The filing primarily directs investors to a press release (Exhibit 99) for detailed financial performance. This includes key financial metrics and commentary on the company's operational and financial condition. Accenture highlighted its use of non-GAAP financial measures to provide additional insights into its performance.
These include free cash flow, revenue and bookings changes on a local currency basis (excluding foreign exchange impacts), and adjusted figures that exclude business optimization costs and a gain on an investment. The company emphasizes that these non-GAAP measures are supplementary and should be considered alongside their GAAP equivalents, which are also provided in the press release for a comprehensive understanding of Accenture's financial health and operational trends.
02—Key points
Key Highlights
- Accenture announced its Q1 fiscal 2024 results via an 8-K filing on December 19, 2023.
- The filing references a press release (Exhibit 99) containing the detailed financial results for the quarter ended November 30, 2023.
- Accenture is utilizing non-GAAP financial measures to offer further clarity on performance.
- Key non-GAAP measures discussed include free cash flow.
- The company is providing revenue and bookings growth in local currency, excluding foreign exchange fluctuations, for better comparability.
- Adjusted financial metrics are presented, excluding business optimization costs and a specific investment gain.
- Reconciliations between GAAP and non-GAAP measures are available in the accompanying press release.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to announce Accenture's financial results for its first quarter of fiscal year 2024, which ended on November 30, 2023. It directs investors to a press release (Exhibit 99) for the detailed financial information.
What non-GAAP financial measures does Accenture use in this report?
Accenture uses several non-GAAP measures, including free cash flow, percentage changes in revenues and bookings on a local currency basis (to exclude foreign exchange impact), and adjusted financial measures that exclude business optimization costs and a gain on an investment.
Where can I find the detailed financial results and reconciliations?
Detailed financial results, including the performance commentary and reconciliations of non-GAAP measures to their nearest GAAP equivalents, can be found in the news release attached as Exhibit 99 to this 8-K filing.
Are the non-GAAP measures considered a substitute for GAAP financial information?
No, Accenture's management views the non-GAAP financial information as supplemental and not as a substitute for the related financial information prepared in accordance with GAAP. Investors are encouraged to consider both.
04—Continue