PracticeAccounting FirmsKPMG posts highest ever global revenues

KPMG posts highest ever global revenues

Emerging markets and advisory services nudge KPMG International over $23bn of revenues

KPMG posts highest ever global revenues

STRONG GROWTH in emerging markets saw KPMG post $23.4bn (£14.3bn) in global revenues – it’s highest ever figure.

The firm grew 3.7% in local currency terms, with India, Mexico, Africa and China seeing double-digit growth.

The Americas grew 6.7%, while the EMA region grew 2.6% – with Germany, Ireland and Switzerland performing strongly. Asia-Pacific saw 1.1% growth.

Service line growth was driven by advisory services (6.3%), while audit was static at 1.2%. Tax revenues were up 4.2% to $4.97bn.

Michael Andrew, chairman, KPMG International, said: “Over the past year we have seen the first widespread signs of economic confidence returning to clients and this has led to improving demand for services around the world, accelerating growth in the second half of the year.

“Continuing to make significant investments in a difficult economic period while delivering operating efficiencies has ensured we are well-placed to meet this upturn in demand, and will drive stronger growth in the future.”

Its global workforce grew by 3,000 to more than 155,000 partners and staff.

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