KPMG revenues grow strongly to record $26.4 billion | KPMG | UA

KPMG revenues grow strongly to record $26.4 billion

KPMG revenues grow strongly to record $26.4 billion

Growth driven by client-focused investments in technology, innovative services, alliances and hiring.

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London, Kyiv, 19 December 2017 – KPMG International today announced record aggregated network revenues of US$26.40 billion for the fiscal year ending 30 September 2017 (FY17), representing a 5% increase in local currency terms on FY16.
  • Record high revenues for Fiscal Year (FY) 2017 of US$26.40 billion
  • Revenue growth for FY2017 of 5% (in local currencies) driven by strong growth across Audit, Tax and Advisory services
  • Growth in all three regions (Americas, ASPAC and EMA) 
  • KPMG invested more than US$1 billion this year in a multi-year program focused on new technology, innovation and developing new services and solutions
  • More than 37,000 new graduates and other entry-level professionals hired, with the total workforce growing to a record-high of 197,263 people.
  • KPMG network achieves gender parity for new hires and an increase to 28% women in partner promotions across our 10 largest countries.

“The KPMG network grew strongly while continuing to transform to meet the rapidly changing demands of clients. We are making significant, strategic investments across Audit, Tax and Advisory in technology and innovative services where clients are facing their greatest challenges and disruption. As an example, KPMG firms have built leading positions in cyber security, data & analytics (D&A) and digital transformation services, bringing together leading edge technology with world-class business expertise to offer a higher level of capabilities to clients in these critical areas,” said Bill Thomas, Chairman, KPMG International.

“We remain committed to meeting our public interest responsibility and continuously improving the quality of the vital work performed for clients and capital markets. The Value of Audit and Responsible Tax forums held by KPMG around the world are powerful examples of KPMG bringing together key stakeholders to discuss our profession’s most complex challenges and opportunities.”

“In Ukraine, we successfully implement the global strategy for the development of the KPMG network of companies, investing in technology, developing new services and a team of professionals. KPMG in Ukraine shows 32% revenue growth, for the reporting period, compared to the previous year. The number of employees increased. 2017 was marked by intense and fruitful external work with clients, as well as the "growth areas" definition for new client and technological services. Already now, we are observing a keen interest of customers in forensic services, risk management and renewed interest in services of investments and capital markets, "- Andrey Tsymbal, Managing Partner of KPMG in Ukraine.
 

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