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 first quarter of
fiscal year 2017, which fiscal quarter ended on November 30,
information in the news release is furnished but not filed.
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.
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.
News Release of Accenture, dated December 21, 2016
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 +0.45 at 124.10 with 3,290,845 shares trading hands.