Sunday 20 August 2017

PwC reports best revenues since 2008 boosted by consultancy reporters

PwC has reported a 10pc hike in revenues for the year putting it top of the list of the world’s biggest accounting firms.

Revenues of $29.2bn (€22bn), the highest since 2008, were boosted by its consultancy business.

The company, formerly known as PricewaterhouseCoopers, said it plans to hire 20,000 graduates worldwide next year and offer internship training to a further 10,000 – it now has about 169,000 staff.

Revenues from consulting and business advisory services grew 20pc in the fiscal year 2011 to €7.5bn.

"We expect growth to remain healthy in FY 2012 as companies continue to position themselves for better times," said Dennis Nally, chairman of PwC International.

North America and Europe accounted for most of the revenue, although growth in these regions was slower than other parts of the world.

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