View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 20, 2004

KPMG achieves double digit growth

Accountancy firm KPMG has reported strong growth for the fiscal year despite the global economic difficulty and uncertainty experienced during the year. For the year ending September 2003, the company generated revenues of $12.16 billion, a 13.4% increase in its fiscal revenues.

By CBR Staff Writer

The company achieved good results in the year across all its functional businesses. Audit Services rose to $5.68 billion, up 20.3%, while Tax Services reached $3.31 billion, an increase of 8.9%. The Advisory Services business recorded $3.17 billion, a rise of 7.1%.

On a geographic basis, KPMG achieved its strongest regional gains in Asia Pacific, where revenue rose to $1.24 billion, an increase of 25.3%. In Europe, the Middle East and South Asia, and Africa, revenue reached $6.29 billion, a gain of 15.2%, while the Americas revenue gained 8.4% to $4.63 billion.

Mike Rake, Chairman of KPMG International, commented: We’re pleased with our organization’s overall performance during a period of global economic difficulty and uncertainty, and another challenging year for the profession. This double-digit growth was achieved in a changing landscape of regulatory, legislative and market reform – amidst equally changing roles for audit committees, managements and auditors.

Content from our partners
Why all businesses must democratise data analytics
How start-ups can take the next step towards scaling up
Unlocking the value of artificial intelligence and machine learning
Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy