Big Five – Arthur Andersen grows 17%

Big Five firm Arthur Andersen has announced a 17% rise in worldwide revenues to $6.1bn for the past fiscal year.

The European region ? which also includes results from the Middle East, India and Africa ? saw a growth of 22% to $2.14bn. The biggest increase was in Latin America where revenues rose by 32% to $280m.

The firm’s largest service category, the Assurance and Business Advisory practice, grew by 10% worldwide.

‘We are extremely pleased with our results,’ said Jim Wadia, worldwide managing partner. ‘In addition to growing our revenues, we experienced significant growth in personnel, from 53,000 people in 1997 to more than 61,000.’

Further details, and Ernst & Young’s UK results, will be published on 26 November in Accountancy Age and on the Web site

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