PracticeConsultingPwC boasts 20% revenue jump

PwC boasts 20% revenue jump

PricewaterhouseCoopers has announced a 20% leap in global revenue to $15.3bn (#9.22 bn) for the 12 months to June 1998

The earnings are the combined revenues of Price Waterhouse and Coopers & Lybrand worldwide before they merged on 1 July last year. The rise is roughly in line with other members of the Big Five. Average earnings per partner measured across the 9,000 global partner base topped #1m. Double-digit revenue increases occurred in all service lines, with management consulting service displaying the strongest growth of 42% to $3.97bn. The other biggest contributing service line was global human resource solutions which grew by 32% to $395m. With earnings of $6.77bn, assurance and business advisory services still maintained a strong lead in terms of sources of revenue. On a geographical basis, Europe, the Middle East and Africa provided the greatest revenue of $6.54bn, while South America demonstrated the highest gains with a revenue growth of 32%. PwC chief executive of^cer James J Schiro said: ‘We have achieved impressive growth across all regions and service lines, despite problems with some Asian markets.’

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