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

GT International reports global revenues of $4.7bn

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.”

 

 

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