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Revenues Rise At PwC; Central, Eastern Europe Shines, Asia Is Strong

Tom Burroughes

6 October 2017

, the professional services and consultancy services covering sectors including wealth management, has reported gross revenues of $37.7 billion for the year ending 30 June, which translates to a rise of 7 per cent if exchange rates are held constant. ~

The fastest percentage growth rate in revenues was in the Central and Eastern Europe region (13.3 per cent year-on-year), ahead of Asia (10.1 per cent), then Australasia/Pacific (9.9 per cent); Americas (6.8 per cent) Western Europe (4.3 per cent), and Middle East and Africa (4.0 per cent). 

The firm’s assurance operations logged a 6 per cent rise in revenues to $16 billion, driven by new audit client wins and increasing demand for broader assurance services.

Turning to its advisory operations, revenues rose by almost 8 per cent to $12.2 billion. Strategy and technology practices rose 17 per cent and 20 per cent, respectively. 

In tax and legal, revenues rose 6 per cent to $9.5 billion. PwC has more than 41,000 tax professionals.