• Register
Return to: Home > News > Advisory > Grant Thornton announces 4.5% growth in global revenues

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.

Top Content

    Nigeria: building compliance and engagement

    Opportunities created by regulatory and legislative changes in Nigeria are tempered by the fragile state of the economy, although practitioners are generally confident that conditions will improve over the next few years if appropriate steps are taken. Paul Golden reports.

    read more

    Ghana: a quest for consistency

    Ghana’s current economic profile would suggest a fertile landscape for purveyors of accounting services. But inconsistent approaches to compliance and application of standards – coupled with problems in the banking sector and consequent liquidity constraints – have created a challenging environment. Paul Golden writes.

    read more

    Drone technology: audit takes to the skies

    The movement towards a digitised era has already impacted the auditing profession in a number of ways, from blockchain to artificial intelligence. Now firms are taking to sky and using drone technology in their audits. Mishelle Thurai speaks to Big Four firms to find out more.

    read more

    SBC: a new alliance joins the market

    Jonathan Minter speaks to Paul Tutin, chair of founding firm Streets Chartered Accountants, about why the business and its European partners took the decision to launch their own association.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.