Summary by Moomoo AI
Accenture has released its financial results for the third quarter of fiscal year 2024, which ended on May 31, 2024. The company filed this information through Form 8-K with the SEC on June 20, 2024.The report includes several non-GAAP financial measures, including free cash flow (defined as operating cash flow minus property and equipment additions), revenue changes in local currency basis, and adjusted financial measures excluding business optimization costs and investment gains. Management believes these metrics provide meaningful additional insights into the company's liquidity and performance.The company's financial results in local currency are calculated by restating current period activity into U.S. dollars using comparable prior year period's foreign currency exchange rates. This approach applies to all results where the functional currency is not the U.S. dollar, aiming to facilitate meaningful revenue comparison by excluding foreign currency exchange rate fluctuations.
