KPMG’s record breaking sales fuel more hiring

Ollie Gordon
KPMG International chairman John Veihmeyer
Big four accountant KPMG Inter­national today announced record-breaking revenues for its worldwide network of $24.82bn (£15.8bn) for the fiscal year ended 30 September – a six per cent increase year-on-year.

The Americas delivered the strongest growth over the year, with revenues rising eight per cent to $8.51bn. The Europe, the Middle East and Africa region had a similarly strong performance, growing seven per cent to $12.45bn. Revenues for Asia-Pacific, however, shrunk one per cent to $3.86bn for the period.

As regards to divisional performance, the accountant’s advisory offering was the best performer over the year, seeing revenues grow 10.3 per cent to $9.09bn. That was followed by KPMG’s tax division, which increased revenues six per cent to $5.27bn. The audit division performed less well, but still recorded revenues of $10.46bn for the period, a 2.4 per cent year-on-year rise.

The accountancy giant also ann­ounced it grew its workforce 4.4 per cent over the year, to 162,031 staff worldwide, having hired 18,000 new graduates.

Commenting on the results, chairman John Veihmeyer said: “The companies we serve are operating in an increasingly complex, global and rapidly changing environment, which demands that we provide a broad range of services and solutions, seamlessly and consistently across the world. The quality and breadth of professional services we offer, combined with significant investments we’ve made to strengthen and broaden our services and capabilities, has enabled us to achieve strong and sustainable growth in 2014.”

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