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Grant Thornton announces 4.5% growth in global revenues

Grant Thornton International has announced global revenues of USA$ 5bn for the year ended 30 September 2017, up 4.5% compared to the previous year.

Assurance services remained Grant Thornton International main source of revenues accounting for 41% of the total revenues; however the network reported modest growth in this service line (1.8%) up to $ 2,053m.

Unsurprisingly, advisory was the fastest growing service line (4.1%) up to $1,736m and it accounted for 35% of global revenues. Tax grew by 2.1% to $1,045m and accounted for 21% of revenues, and in other services Grant Thornton reported revenues of $ 156m.

Grant Thornton reported strong growth in Asia Pacific and Africa, as both increased by 15%, as well as the Commonwealth of Independent States (CIS) which grew by 14%. The growth in the Asia Pacific’s region particularly came from China and India, as both increased 25%. The largest portion of the revenue was from the Americas ($ 2.4bn), followed by Europe at $1.6bn.

The total headcount also rose to 49,601, a 5.5% increase compared to the previous year.

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