UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 28, 2007
ACCENTURE LTD
(Exact name of Registrant as specified in its charter)
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| Bermuda
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001-16565
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98-0341111 |
| (State or other jurisdiction
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(Commission
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(I.R.S. Employer |
| of incorporation)
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File Number)
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Identification No.) |
Canon’s Court
22 Victoria Street
Hamilton HM12, Bermuda
(Address of principal executive offices)
Registrant’s telephone number, including area code: (441) 296-8262
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
On June 28, 2007, Accenture issued a press release announcing financial results for its third
quarter of fiscal year 2007, which fiscal quarter ended on May 31, 2007.
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:
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Free cash flow (defined as operating cash flow net of property and equipment
additions). Accenture’s management believes that this information provides meaningful
additional information regarding the company’s liquidity. |
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Percentage changes in revenues before reimbursements on a local currency basis.
Accenture’s management believes that information regarding changes in its revenues
before reimbursements (net revenues) that excludes the effect of fluctuations in
foreign currency exchange rates facilitates meaningful comparison of its revenues
before reimbursements between periods. |
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Information regarding expenses, income, provision for income taxes and earnings per
share for the three and nine months ended May 31, 2006 that reflects adjustments
relating to benefits from reductions in reorganization liabilities that were
established in connection with Accenture’s transition to a corporation structure.
Accenture’s management believes that because these benefits are not reflective of
operations, this information enhances understanding of the company’s operating
performance. |
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Information regarding gross margin, sales and marketing and general and
administrative expenses, income, provision for income taxes and earnings per share for
the nine months ended May 31, 2006 that reflects the net impact of the National Health
Service (NHS) provision recorded in the second quarter of fiscal 2006. Accenture’s
management believes that this information facilitates an understanding of the impact
of this matter on Accenture’s operating results and provides an additional meaningful
comparison between periods. |
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
Accenture’s management believes that this non-GAAP financial information is useful in evaluating
Accenture’s 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
99.1 Press Release of Accenture, dated June 28, 2007