PwC global books $26.2bn revenues
Currency changes turn marginal improvement into a 7% fall
PwC global has posted revenues of $26.2bn (£16.3bn) for the year ending 2009.
New global chairman Dennis Nally said the results were not what the firm
wanted but had “held up well in the circumstances.”
The revenues marginally up on last, if calculated at constant exchange rates
but down a little more than 7% if currency fluctuations are taken into account.
“The ability of so many PwC member firms to successfully sustain their
business and their people through this difficult period provides us with a
strong platform from which to serve clients in the recovery and to continue to
invest in our own growth.
“While we cut our costs substantially, the PwC network also hired about
30,000 new people and increased its total workforce to more than 163,000
demonstrating a commitment to attracting the right people to serve clients
around the world.”
PwC saw its core business line, assurance rise by 2.1% to $13.1bn.