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December 14, 2017

KPMG announces global revenue growth of 4%

By Stephanie Wix

KPMG has announced annual revenues of US$26.4bn in the year to 30 September 2017, up 4% compared to the previous year.

The network attributed its growth to investments in technology and innovative services. Geographically, KPMG’s best performing region was Asia Pacific with 8.1% growth, driven by 15% growth from advisory, KPMG reported 4.4% growth in the Americas and  4% in Europe, Middle East and Africa.

KPMG also announced that its workforce has grown to 197,263 compared to 188,982 the previous year.

KPMG International chairman Bill Thomas said: “We are making significant, strategic investments across Audit, Tax and Advisory in technology and innovative services where clients are facing their greatest challenges and disruption.

KPMG is continuing with a multi-year global investment program and this year invested more than US$1bn in new services, technology, alliances and acquisitions, focused particularly on D&A, strategy, cyber security, digital labour and audit.”

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