EY (Ernst & Young) has reported combined global revenues of
$28.7billion for its financial year ended 30 June 2015. This represents
an 11.6 percent increase over financial year (FY) 2014 revenues in
local currency, outpacing FY14 growth (which had increased by 6.8
percent over FY13).
All of EY’s service lines continued to grow in FY15 ahead of their
FY14 growth: Advisory grew 17.6% (vs. 14.4% growth in FY14); Assurance
8.1% (vs. 4.5% in FY14); Transaction Advisory Services (TAS) 15.5% (vs.
6.5% in FY14); and Tax 10.3% (vs. 4.3% in FY14).
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| EY |
Strong performance in the developed markets was led by the US, which
grew 12.5% to $11.2billion – its largest increase in 10 years. The US
achieved balanced performance across all businesses, sectors and
geographies. Elsewhere in developed markets, the UK achieved strong
growth, led largely by new major accounts across its audit practice, as
well as the strength of its TAS and Tax businesses. EY also saw
double-digit growth in its Australian, German and Italian member firms.
EY’s emerging market practices grew by 12.3% overall (compared with
8.7% last year), despite mixed economic conditions in key emerging
market economies. India led the emerging markets with 19.7% growth;
other strong regions included ASEAN (12.9%), Africa (11.3%), Mexico
& Central America (17.3%) and Middle East & North Africa
(14.7%).
