The PricewaterhouseCoopers (PwC) network yesterday reported global gross revenues of $35.4 billion for the fiscal year ended 30 June 2015. At constant exchange rates, PwC’s global revenues rose by 10 per cent. This is up markedly from the previous year and the strongest year-on-year growth that the network has seen since 2007.
Presenting the report, Mr. Dennis Nally, Chairman of PricewaterhouseCoopers International Ltd said “The global business environment remains challenging, with a continuing patchy economic picture, geopolitical issues creating uncertainty for business and fierce competition in the professional services market.
“Despite these challenges the PwC network performed exceptionally well in full year 2015 with growth of 10 percent pushing revenues over the $35 billion mark for the first time. Our strongest growth for eight years is a result of the significant investment we have made in recruiting the best people, enhancing the quality of our services and building new product offerings such as data analytics. We have also continued to make key strategic acquisitions to complement and expand our core business.
According to him “Technology is transforming all aspects of our lives and every business, so we are working in alliances with market leaders such as Google and others, to bring the latest and best technology thinking to our clients. The PwC brand has been acknowledged as the strongest professional services brand in the world and this reputation is built on the energy, enthusiasm and quality of our 208,000 people and their commitment to working with all of our stakeholders to build trust and to solve important problems.
“There’s much to be proud of and I think we have strong momentum going into 2016 with many significant accomplishments to build on. All of our lines of business and geographic regions are growing, the acquisition of Booz & Company (now Strategy&) has provided a major boost to our capabilities and we are now the leading organisation in our ability to provide services ranging from strategy right through to execution. We recruited 53,000 new people last year and plan to recruit even more in 2016 from a broader range of countries and with a wide range of skills, as we expand our capabilities to match the increasingly diverse demands of our stakeholders.
While there is large variation around the world and some countries will continue to struggle, overall we predict stronger global economic growth of 3.6 per cent in 2016,” added Dennis Nally. Agency report
