8-KEarnings & ResultsExhibits & Filings

Accenture plc 8-K Report, Financial Results (Sep 26, 2024)

Filed September 26, 2024For Securities:ACN

Summary

Accenture plc (ACN) filed an 8-K on September 26, 2024, to report its financial results for the fourth quarter and full fiscal year ended August 31, 2024. The filing primarily serves as a notification that a news release containing these results was issued. Investors should note that the news release, attached as an exhibit, includes both GAAP and non-GAAP financial measures. The non-GAAP measures discussed are free cash flow, revenue and bookings changes on a local currency basis, and adjusted financial measures that exclude business optimization costs and a gain on an investment. Accenture's management emphasizes that these non-GAAP metrics are intended to provide supplemental insights into the company's performance and liquidity, facilitating comparisons by excluding currency fluctuations and specific cost/gain items. Reconciliations to GAAP measures are provided within the news release.

Key Highlights

  • 1Accenture announced its Q4 and full fiscal year 2024 financial results on September 26, 2024, via a press release.
  • 2The 8-K filing incorporates the press release as Exhibit 99, providing detailed financial outcomes.
  • 3Key non-GAAP financial measures disclosed include free cash flow, revenue/bookings on a local currency basis, and adjusted figures excluding specific costs and gains.
  • 4Free cash flow is defined as operating cash flow less additions to property and equipment.
  • 5Local currency reporting is used to exclude the impact of foreign currency exchange rate fluctuations on revenue and bookings.
  • 6Adjusted financial measures aim to provide a clearer view of operational performance by removing the effects of business optimization costs and an investment gain.
  • 7The company provides reconciliations of all non-GAAP measures to their closest GAAP equivalents within the news release.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce that Accenture has released its financial results for the fourth quarter and full fiscal year ended August 31, 2024, by attaching the accompanying news release as an exhibit.

Accenture uses non-GAAP measures including free cash flow, percentage changes in revenues and bookings on a local currency basis, and adjusted financial measures that exclude business optimization costs and a gain on an investment. These are presented to offer additional insights into the company's performance and liquidity.

Accenture reports revenue and bookings changes in local currency to eliminate the impact of foreign currency exchange rate fluctuations. This allows investors to better compare the company's underlying business performance across periods.

The non-GAAP financial measures are presented as supplemental information and are not a substitute for the GAAP financial measures. Accenture's management believes they are useful for evaluating operations, but they should be considered alongside, and not in place of, the GAAP results, which are also provided with reconciliations.