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December 11, 2011

KPMG reports 10% global growth

KPMG has recorded double digit growth increasing its global revenues by more than 10% to $22.7bn for the fiscal year ending 31 September 2011.

The Big Four firm reported robust growth of about 15% in advisory followed by a 13% increase in tax and a 6% increase in audit revenues.

KPMG International chairman Michael Andrew said the firm achieved double digit growth through “focusing on fundamentals and organic growth and making common investments in our strategic priorities.”

The firms said its most striking results came from high growth markets such as India, which grew at 25%, and Brazil at 22% in local currency terms.

Revenues grew across all geographic regions with the largest growth coming from Asia Pacific (17%) followed by the Americas (11%) and Europe, the Middle East, Africa and India (8%).

In terms of staff KPMG increased by 5% to 144,677 globally with 8,150 partners, 110,730 professionals and 25,797 administration staff.


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