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06 Oct 2009
PwC global has posted revenues of $26.2bn (£16.3bn) for the year ending 2009.
New global chairman Dennis Nally said the results were not what the firm wanted but had “held up well in the circumstances.”
The revenues marginally up on last, if calculated at constant exchange rates but down a little more than 7% if currency fluctuations are taken into account.
“The ability of so many PwC member firms to successfully sustain their business and their people through this difficult period provides us with a strong platform from which to serve clients in the recovery and to continue to invest in our own growth.
"While we cut our costs substantially, the PwC network also hired about 30,000 new people and increased its total workforce to more than 163,000 demonstrating a commitment to attracting the right people to serve clients around the world.”
PwC saw its core business line, assurance rise by 2.1% to $13.1bn.
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Briefings
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