Summary by Futu AI
Accenture plc released its financial results for the first quarter of fiscal 2025, ended November 30, 2024, on December 19, 2024. The company disclosed several non-GAAP financial measures, including free cash flow, percentage changes in revenues and bookings on a local currency basis, and adjusted financial measures excluding business optimization costs in fiscal 2024.Management believes these non-GAAP measures provide meaningful additional information on liquidity, facilitate revenue comparisons by excluding foreign currency fluctuations, and help understand the impact of business optimization costs. Reconciliations to GAAP measures are included in the news release. While considered useful for evaluating operations, this non-GAAP information should be viewed as supplemental and not a substitute for GAAP-based financial information.