PracticeAccounting FirmsGT International reports global revenues of $4.7bn

GT International reports global revenues of $4.7bn

Grant Thornton International sees revenues up with assurance services the most lucrative at $2bn

GRANT THORNTON INTERNATIONAL’s global revenue stream hit $4.7bn (£3.1bn) for the year ended 30 September 2014. This was marginally up on the $4.5bn reported the previous year.

European revenues rose by 6.3% to $1.9bn, while its Americas arm leapt by $2.1bn, buoyed by a 4.3% rise in its global workforce to 40,197 across all 130 countries in which the international network operates.

Asia Pacific revenues were up by 3% to $583m while its African operation reported a revenue rise of 6.3% to $106m. Its CIS (Commonwealth of Independent States) arm – essentially former Soviet states – demonstrated the highest percentage growth at 51.5% to $41m, just above the Middle East which saw its revenues grow to $40m, rise of 14.1%.

The network’s biggest division, assurance, saw a distinct 3.5% uptick to $2bn, while tax was up 2.7% at US$950m and advisory services expanded by 4.8% to hit $1.4bn.

New member firms in Afghanistan, Belize, British Virgin Islands, Cambodia, Myanmar, Pakistan, Russia, Singapore and Tanzania joined the GT brand, while M&A activity saw expansions in a number of countries including Australia, Brazil, the UK and Vietnam.

Ed Nusbaum, global CEO of Grant Thornton International, said: “Our goal going into 2015 is to continue to provide high quality services to our clients and to help them, and our people, unlock their potential for growth.”

 

 

Related Articles

Grant Thornton grows profits while radically reshaping portfolio

Accounting Firms Grant Thornton grows profits while radically reshaping portfolio

5m Alia Shoaib, Reporter
Grant Thornton reports gender pay gap at 26.6%

Accounting Firms Grant Thornton reports gender pay gap at 26.6%

5m Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

6m Philip Smith, Reporter
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

8m Austin Clark, Reporter
Grant Thornton appoints new partner

Accounting Firms Grant Thornton appoints new partner

8m Emma Smith, Managing Editor
Grant Thornton appoints new independent non-executive director

Accounting Firms Grant Thornton appoints new independent non-executive director

10m Emma Smith, Managing Editor
Grant Thornton makes transaction advisory services appointment

Accounting Firms Grant Thornton makes transaction advisory services appointment

11m Emma Smith, Managing Editor
Grant Thornton appoints new tax director

Accounting Firms Grant Thornton appoints new tax director

11m Emma Smith, Managing Editor