EY announced global revenues of US$31.4b
EY announces combined global revenues of US$31.4b for the financial year ended 30 June 2017. Overall, financial year (FY) 2017 revenue grew by 7.8% in local currency (versus FY16). All EY service lines delivered strong growth in FY17: Assurance grew 4%; Advisory 10.4%; Tax 7.9% and Transaction Advisory Services (TAS) 15.5%.
- EY records seventh consecutive year of strong growth
- Continued expansion of innovation centers and significant investments in digital transformation, analytics, artificial intelligence and robotics support growth
- Digital services, business advisory and capital transactions fuel the double-digit growth in Advisory and Transactions businesses
- 13 acquisitions and 6 new global alliances expand resources and capabilities
- GigNow launched in five countries to embrace changing work patterns and acquire diverse skill sets
- Voted Universum’s most attractive professional services employer globally for the second consecutive year
With the launch of its Vision 2020 plan in 2013, EY has been on a journey to adapt and transform to respond to the trends shaping the world: globalization and the rise of the emerging markets; demographic shifts; advancing technology; and increased regulation. Since the Vision 2020 launch, EY has recorded strong 8.8% compound annual growth.
Mark Weinberger, EY Global Chairman and CEO, says:
“We have once again achieved strong revenue growth in what continues to be a complex business environment. In this disrupted and fast-paced world, clients are increasingly turning to EY for advice and insights on how to better manage risk, where to seek growth and how to weave digital into their strategies and operations. EY has a holistic approach to digital transformation and innovation, which is embedded across all service lines and sectors. Significant investment in people and new technologies have allowed us to respond to the dynamic environment.
“While remaining focused on providing high-quality services, we are embracing these changes and utilizing technologies like robotic process automation (RPA), artificial intelligence (AI) and analytics to support clients as they work their way through these changing times.”