PracticeAccounting FirmsBig jump in global E&Y revenues

Big jump in global E&Y revenues

Worldwide income tops $18bn (£9.6bn)

Worldwide revenue at Ernst & Young climbed almost 9% in the 2006
financial year, reaching $18bn (£9.6bn), the firm reported.

The firm said growth in Asia and in emerging markets fuelled the gains made
in the year.

‘While our ‘mature’ markets continued to perform well, we achieved stellar
growth, of between 25% and 55%, in the emerging-market economies in which we
have made strategic investments,” said Ernst & Young’s global chief
operating officer Paul Ostling.

Growth was up 9% in the Americas, and up 7% in Continental Western Europe.

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