SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 24, 2010
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Item 2.02 Results of Operations and Financial Condition
On June 24, 2010, Accenture issued a press release announcing financial results for its third quarter of fiscal year 2010, which fiscal quarter ended on May 31, 2010.
A copy of the press release is attached hereto as Exhibit 99.1. All information in the press release is furnished but not filed.
Non-GAAP Financial Information
In the attached press 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 press 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
|99.1||Press Release of Accenture, dated June 24, 2010|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
|Date: June 24, 2010||ACCENTURE PLC|
|By:||/s/ Julie Spellman Sweet|
|Name:||Julie Spellman Sweet|
General Counsel, Secretary &
Chief Compliance Officer