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Return to: Home > News > Mid Tier > BDO International continues to reap benefits of external growth strategy with 8% increase in revenue in FY16

BDO International continues to reap benefits of external growth strategy with 8% increase in revenue in FY16

BDO reported global revenue increase of 8% to $7.6bn in the year ending 30 September 2016 on constant of exchange rates.

The network attributed this increase in revenue to successful mergers as well as sustained organic growth. BDO’s international also increased its headcount by 5.3% to 67,731 people.

Martin van Roekel, CEO of BDO International, said: “The concurrent challenges of increasing costs, a shrinking talent pool, the need to invest and to manage regulatory demands mean that many firms and networks outside the largest six are having to consider mergers and acquisitions in order to survive. At BDO, we recognise that further mid-tier consolidation is inevitable – and we have planned for it. We have a long-term investment strategy in global infrastructure, technology and talent that not only ensures we can provide exceptional service to our clients, but gives us the momentum and power to continue at the forefront of the ongoing consolidation in the mid-tier of our profession.”

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