EY today announced combined global revenues of US$25.8 billion for its financial year ended June 30, 2013, a 7.7 percent increase over the previous financial year in local-currency terms. Revenues grew 5.8 percent in U.S. dollar terms.
Advisory achieved its third year of double-digit growth in fiscal year 2013, with revenue of US$5.8b and growth of 18 percent. These results reflect a strategic focus on leveraging all of EY's core consulting and technology competencies on delivering transformational Risk and Performance Improvement services in high-growth sectors, according to Mark Weinberger, EY's Global Chairman and CEO.
Meanwhile, the Transaction Advisory Services (TAS) service line grew by 3 percent to US$2.2B—the fourth consecutive year of growth at a time when global M&A activity continues to suffer sharp falls in virtually every market. Assurance, EY's largest practice, delivered a positive year growing revenues by over 4 percent to US$10.9B. EY's global Tax revenues increased over 7 percent to US$6.9B, marking a third consecutive year of strong growth.
To continue reading, become an ALM digital reader
Benefits include:
- Complimentary access to Consulting Magazine Online and digital edition
- Bi-monthly digital newsletter delivered to your inbox
- 1 free article* every 30 days to Consulting Magazine's sister publications
- Exclusive discounts on events and publications produced by ALM
Already have an account? Sign In