PwC posts upbeat global revenues for fiscal year 2015

11:26 | 09/10/2015
PwC, a global professional assurance, advisory and tax services firm with expansive network in 157 countries, recently released its Global Annual Review 2015 which indicates the company’s strongest revenue growth in eight years to $35 million for fiscal year 2015, up 10 per cent on-year.

Growth was strong across all lines of business and in all geographic regions. 

Accordingly, PwC member firms in North America and the Caribbean continued to grow very strongly with revenue growth of 12 per cent. Its largest firm, PwC US, enjoyed an impressive year with revenues up 10 per cent to $12.2 billion and strong growth in all lines of service. 

Revenues from South and Central America remained buoyant, up 8 per cent. 

Revenue growth in Asia was also strong in FY15 up by 9 per cent to $4.1 billion. PwC’s continued focus on service development and expansion in Asia paid dividends with PwC’s firms in China and Hong Kong growing by 8 per cent and India by 17 per cent.

Growth also increased impressively across Europe with revenues up 8 per cent in Western Europe and 6 per cent in Central and Eastern Europe. 

The UK firm, PwC’s second largest, also performed strongly with revenues up 9 per cent to $4.1 billion, recording particularly good growth in its Assurance and Advisory services. 

PwC’s firms in Italy grew by 11 per cent, Germany 8 per cent and France 6 per cent.

PwC enjoyed double digit growth in the Middle East and Africa with revenues up 16 per cent.

Growth was also good across the Australasia and the Pacific Islands region with revenues up by 11 per cent with strong growth in Australia where revenues grew by 10 per cent.

As the number one professional services network, the company’s global headcount grew 6 per cent to more than 208,000 people, with 53,000 people joining in FY15 alone. 

“Our strongest growth for eight years is a result of the significant investment we have made in recruiting the best people, enhancing the quality of our services and building new product offerings such as data analytics. We have also continued to make key strategic acquisitions to complement and expand our core business,” said Dennis M. Nally, chairman of PricewaterhouseCoopers International Ltd. 

In FY15, PwC firms and people donated nearly $58 million to community activities and more than 58,000 PwC people donated more than 537,000 hours in professional services and skilled volunteer activities.

By By Mai Thuy

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