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
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
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.”