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December 7, 2017updated 29 Apr 2022 4:49am

BDO Global announces 7% growth

By Stephanie Wix

BDO Global has announced revenues of USD $8.1bn including their exclusive alliances for the year ended 30 September 2017, up 7% from the previous year.

The network attributed its revenue growth to its transformation strategy into digital innovation and technology, such as big data and automation. BDO also attributed the growth to its merger and consolidation programmes across all regions, and has had 70 mergers globally in three years. BDO is now present in 162 countries against 152 last year. According to the network, the increased revenues will allow investment into client engagement platforms.

The network’s total headcount increased by 9% to 73,854, compared to 67,731 last year.

BDO global CEO Keith Farlinger said: “Globally, BDO continues its ongoing consolidation journey with its expansion to acquiring business-critical players such as cybersecurity companies. Drawing on these global knowledge resources, our firms are now taking the next step, becoming efficiency enablers and accelerating the digital transformation of our clients.”

Farlinger added that BDO will continue to invest in technology and in the future he expects improvements to their services approach and operating models.

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