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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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): September 27, 2007
ACCENTURE LTD
(Exact name of Registrant as specified in its charter)
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Bermuda
(State or other jurisdiction
of incorporation)
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001-16565
(Commission
File Number)
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98-0341111
(I.R.S. Employer
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 September 27, 2007, Accenture issued a press release announcing financial results for its
fourth quarter and full fiscal year ended August 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 months and the fiscal year ended August 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 net revenues, consulting net revenues, income, gross margin,
sales and marketing and general and administrative expenses and earnings per share for
the three months and the fiscal year ended August 31, 2006 that reflects adjustments
relating to the financial impact of resolution of contracts with the National Health
Service (NHS) in England and related adjustments. Accenture’s management believes that
this information, excluding the effect of resolution of these contracts, facilitates
an understanding of the impact of this matter on Accenture’s operating results and
provides an additional meaningful comparison between periods. |
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Information regarding earnings per share for the three months and fiscal year ended
August 31, 2006 that reflects the tax benefit related to a reserve release.
Accenture’s management believes that because this tax benefit is not reflective of
operations, this information enhances an understanding of the company’s operating
performance. |
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 8.01 Other Events
The information contained in the press release attached hereto as Exhibit 99.1 (other than the
information set forth under the heading “Business Outlook”) is incorporated by reference into this
Item 8.01.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release of Accenture, dated September 27, 2007
SIGNATURES
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.
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| Date: September 27, 2007 |
ACCENTURE LTD
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By: |
/s/ Douglas G. Scrivner
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Name: |
Douglas G. Scrivner |
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Title: |
General Counsel and Secretary |
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