PwC global revenue rises 10% in FY15, India growth at 17%

New Delhi: PwC reported total global gross revenue of $35.4 billion for the fiscal year ended 30 June, registering a rise of 10 percent over the last year, while India revenue clocked a strong growth of 17 percent.

Rising revenue for PricewaterhouseCoopers International. Reuters

Rising revenue for PricewaterhouseCoopers International. Reuters

The global consultancy firm reported strong growth across all all lines of businesses and in all regions, even as business environment across the globe remained challenging.

"... the PwC network performed exceptionally well in FY15 with growth of 10 per cent, pushing revenues over the $35 billion mark for the first time," PricewaterhouseCoopers International chairman Dennis M Nally said.

PwC India is the fastest growing unit in group's network in the financial year 2015.

Revenue growth in Asia was also strong in the year 2014-15 as it rose by 9 percent to $4.1 billion. PwC's firms in China and Hong Kong grew by 8 percent and India recorded strong revenue growth at 17 percent.

"PwC India clocking the fastest growth rate in the PwC network is a reflection of the immense opportunities in the Indian market for professional services," PwC India network chairman Deepak Kapoor said.

Kapoor further said that "we have got great momentum going into FY16 and advising clients from strategy to execution and co-creating sustainable solutions with them will dominate the landscape for us".

Globally, PwC's largest firm, PwC US, reported an impressive year with revenues up 10 percent to $12.2 billion and strong growth in all lines of service, while, the UK firm, PwC's second largest, also performed strongly with revenues up 9 percent at $4.1 billion.

Growth also increased impressively across Europe with revenues up 8 percent in Western Europe and 6 percent in Central and Eastern Europe.

On staff front, PwC added 53,049 people in FY15, including 24,600 graduates. Its global headcount grew 6 percent to more than 2,08,000.

"We believe an increasingly diverse workforce will make PwC even more successful in the future. This is why we are supporting the UN Women's gender equality movement HeForShe this year and asking PwC men to commit to helping remove barriers to gender equality," Nally said.

PTI


Updated Date: Oct 06, 2015 15:21 PM

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