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December 15, 2010

KPMG International reports marginal growth

KPMG has increased global revenue by 2.6 percent to $20.63 billion in the year to 30 September 2010. This represents a 0.1 percent in local currency terms.

Global revenue in KPMG’s audit service line was marginally down to $9.91 billion – a 0.4 percent decline in US dollars.

KPMG’s advisory services recorded combined global revenues of $6.57 billion in 2010, versus $6.07 billion last year, an 8.3 percent rise in US dollars and 5.5 percent increase in local currency terms.    

Advisory grew across all three regions with particularly strong growth in the Americas (10.8 percent) and Asia Pacific (9.9 percent).

Revenues for tax was US$4.15 billion, a 1.4 percent increase in US dollars and a 0.7 percent decline in local currency terms.

Among the growth areas for tax, transfer pricing grew 1.5 percent, international executive services increased 1.1 percent and indirect tax was up 0.7 percent.

Asia-Pacific was the fastest growing region while the BRIC countries grew 7.5 percent. The EMA and Americas region grew by 1 percent in US dollar terms.

The fastest growing among the largest member firms was India, growing more than 20 percent.

“These combined FY10 revenues overall reflect positive and improving business performance across the KPMG network of firms and functional businesses worldwide,” KPMG International chairman Timothy Flynn.

“This improvement underscores the strength of our brand and that, in a significantly changing economic and regulatory environment, clients and stakeholders value how the high-performing people of KPMG are cutting through complexity, delivering informed perspectives and clear solutions to them.”

 

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