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PwC reports global revenue increase

The PwC network has announced total global gross revenues of US$35.4 billion for the fiscal year ended on 30 June 2015.

News Staff Reporter 08 October 2015
— 1 minute read

At constant exchange rates, this represents a 10 per cent rise in total global revenues, and the strongest year-on-year growth the network has seen since FY07.

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“The global business environment remains challenging, with a continuing patchy economic picture, geopolitical issues creating uncertainty for business and fierce competition in the professional services market,” said Dennis M Nally, PwC chairman.

“Our strongest growth for eight years is a result of the significant investment we have made in recruiting the best people, enhancing the quality of our services and building new product offerings such as data analytics,” he added.

The firm saw 10 per cent revenue growth in Australia, 16 per cent growth in the Middle East and Africa, and with an ongoing commitment to the Asian region resulting in 8 per cent growth in China and Hong Kong, and 17 per cent in India, respectively.

In addition to global revenue growth, the professional services network welcomed 53,049 people to the PwC ranks, including 24,600 graduates.

“We believe an increasingly diverse workforce will make PwC even more successful in the future. It’s absolutely critical for us to create an environment where all of our people can grow and have the chance to reach their full potential,” Mr Nally concluded.

PwC reports global revenue increase
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