Accenture plc (NYSE:ACN) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
release announcing financial results for its second quarter of
fiscal year 2017, which fiscal quarter ended on February 28,
2017.
information in the news release is furnished but not filed.
non-GAAP financial measures:
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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. |
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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. |
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Diluted earnings per share, effective tax rate, net income
and operating margin excluding the gain on the sale of the companys Navitaire business and the related income taxes and the principally non-cash charge related to the settlement of certain U.S. pension obligations. Accentures management believes that information regarding the effect of the Navitaire divestiture and the settlement charge facilitates an understanding as to the impact of these items and the companys operating performance.> |
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.
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News Release of Accenture, dated March 23, 2017
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About Accenture plc (NYSE:ACN)
Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources. The Communications, Media & Technology segment serves communications, electronics, technology, media and entertainment industries. The Financial Services segment serves banking, capital markets and insurance industries. The Health & Public service segment serves healthcare payers and providers, and government departments and agencies, public service organizations, educational institutions and non-profit organizations. The Products segment serves a set of interconnected consumer-relevant industries. The Resources segment serves chemicals, energy, forest products, metals and mining, utilities and related industries. Accenture plc (NYSE:ACN) Recent Trading Information
Accenture plc (NYSE:ACN) closed its last trading session up +1.85 at 126.48 with 4,288,622 shares trading hands.