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October 4, 2012

PwC retains top spot with 8% growth to $31.5bn

PwC increased its assurance revenues by 3% bringing in $14.9bn, tax by 8% to $7.9bn and advisory services by 17% to $8.7bn.

Regionally the firm had a 13% increase in North and South America. PwC US increased its revenues by 18%.

Middle East and Africa were up 15% and Asia revenues were up 8%, with the firm in India growing 16% and China 14%.

PwC had 4% growth in Western Europe, with the UK firm increasing it s fee income by 6%.Central and Eastern Europe revenues were up 8%.

"PwC’s ability to increase revenues in all key markets in a challenging economic climate is testament to the trust that clients have in the quality of PwC work, the talent of our people and the strength of the PwC network," PwC chairman  Dennis Nally said.

"We are in the midst of a global economic rebalancing. Economic growth in the developing markets will continue to outpace expansion in the more established economies. That shift heightens the ongoing need to attract talented, skilled people and make sure they are located where our clients require them,” Nally said.

The firm expanded its workforce by 7% globally increasing the total head count to over 180,000.

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