PwC Switzerland has reported a drop in fee
income of 1% to CHF614m ($622m) for the fiscal year to 30 June
Assurance services brought in the most revenue
growing 1% to CHF354m in the 2010 fiscal year. This was followed by
tax and legal services, which grew 1% to CHF180m, and advisory
services, which dropped 8% to CHF80m.
The firm said demand for advisory services is
picking up again with many companies rolling out modern financial
management tools, reorganising finances, improving IT architecture
and transferring routine work to shared service centres.
In the coming year, PwC Switzerland plans to
extend its consulting services into the healthcare sector and has
already invested 10 percent of its revenue into the professional
training and development of its employees.
PwC employs 2,623 people in 15 locations across Switzerland.