Accenture plc (NASDAQ:ACN) Files An 8-K Results of Operations and Financial Condition

Accenture plc (NASDAQ:ACN) Files An 8-K Results of Operations and Financial Condition

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Item 2.02 Results of Operations and Financial Condition

On December 21, 2016, Accenture plc (Accenture) issued a news
release announcing financial results for its first quarter of
fiscal year 2017, which fiscal quarter ended on November 30,
A copy of the news release is attached hereto as Exhibit 99. All
information in the news release is furnished but not filed.
Non-GAAP Financial Information
In the attached news release Accenture discloses the following
non-GAAP financial measures:
Free cash flow (defined as operating cash flow net of
property and equipment additions). Accentures management
believes that this information provides meaningful
additional information regarding the companys liquidity.
Percentage changes in revenues before reimbursements (net
revenues) on a local currency basis. Financial results in
local currency are calculated by restating current period
activity into U.S. dollars using the comparable prior year
periods foreign currency exchange rates. This approach is
used for all results where the functional currency is not
the U.S. dollar. Accentures management believes that
information regarding changes in its net revenues that
excludes the effect of fluctuations in foreign currency
exchange rates facilitates meaningful comparison of its net
revenues before reimbursements.
Reconciliations of these non-GAAP financial measures to the most
directly comparable financial measures calculated and presented
in accordance with GAAP are included in the news release. While
Accentures management believes that this non-GAAP financial
information is useful in evaluating Accentures operations, this
information should be considered as supplemental in nature and
not as a substitute for the related financial information
prepared in accordance with GAAP.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
News Release of Accenture, dated December 21, 2016

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