PracticeAccounting FirmsKPMG Global posts modest 2010 revenue increase

KPMG Global posts modest 2010 revenue increase

KPMG's global network grows revenues by 2.6% in dollar terms, but 0.1% in local currency

KPMG’s global network saw a 2.6% increase in fee revenues to $20.63bn for the last year.

Revenues for the year ending 30 September 2010 increased from $20.11bn a year earlier, however, the increase was just 0.1% in local currency terms compared to dollars.

“These combined FY10 revenues overall reflect positive and improving business performance across the KPMG network of firms and functional businesses worldwide,” said Timothy P Flynn, chairman of KPMG International.

Asia Pacific was KPMG’s strongest performing region, while BRIC countries grew 7.5%.

Europe, Middle East, Africa and India posted $10.83bn in revenues compared to $10.73bn a year earlier.

Global audit services decreased slightly, to $9.91bn compared to $9.95bn in 2009 – a 0.4% decline in dollar terms and 2.9% in local currency.

Advisory services grew to $6.57bn in 2010 from $6.07bn a year earlier. Performance and technology services drove the growth, increasing by 12.7% with double-digit growth in the UK, Canada France and the US, plus high growth markets in developing countries.

Tax services revenues grew to $4.15bn from $4.09bn.

graph-kpmg-results-by-region

graph-kpmg-results-headcounts

graph-kpmg-results-by-service-line

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

Accounting Firms FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

3m Emma Smith, Managing Editor
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

3m Alia Shoaib, Reporter
Partner joins BDO from KPMG

Accounting Firms Partner joins BDO from KPMG

3m Alia Shoaib, Reporter
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

6m Emma Smith, Managing Editor
FRC launches investigation into KPMG’s Rolls-Royce audit

Accounting Firms FRC launches investigation into KPMG’s Rolls-Royce audit

7m Emma Smith, Managing Editor
The importance of investing in people

Accounting Firms The importance of investing in people

9m Emma Smith, Managing Editor