Ernst & Young celebrate 9% global growth

Compared to 2005, when the firm brought in $16.3bn (£8.6bn), worldwide
revenues at E&Y hit $18bn, the firm reported.

The firm said that growth in Asia and 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.

The figures represent performance across E&Y’s three service lines
assurance and advisory business services, tax and transaction advisory services.

‘This was another year of strong growth for Ernst & Young, growth that
demonstrates the commitment of our 114,000 people to providing seamless,
consistent, high quality client service, worldwide,’ said James S. Turley the
company’s chairman and CEO.

Growth was up 9% in the Americas, and up 7% in Continental Western Europe.
Detailed breakdowns for E&Y’s UK activities are expected this month.

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