| | PwC has announced that
gross worldwide revenues
of its network of firms
grew by 11%, at constant
exchange rates, to
US$22bn in the fiscal
year ended 30 June 2006.
“Revenues for the PwC
international network
were particularly strong
in 2006,” said global
CEO Samuel A. DiPiazza,
Jr. “We saw healthy
growth across the globe,
driven by the strength
of our brand and
services, buoyant
economic conditions and
the hard work and | |
|
| | commitment of our
140,000 strong PwC
team.”
The PwC network
performed well in all
major geographic markets
in FY2006. Developing
markets continued to
grow particularly
strongly with revenue
increasing by 26.4% in
Central and Eastern
Europe, 22.7% in South
and Central America and
16.8% in the Middle East
and Africa. Revenues
from North America and
The Caribbean were up
12.1% and in Asia, | |
|
| | revenues increased
11.9%.
Western Europe and
Australia and the
Pacific Islands also
continued to perform
well with revenues up
8.8% and 9.6%
respectively.
For the second
consecutive year, most
large PwC firms achieved
double-digit revenue
growth. Revenue growth
was strongest in China,
Russia and other
developing markets.
Continued strong
economic conditions | |
|
| | around the world helped
drive robust work for
non-audit clients and in
transaction-related
services during FY 2006.
Advisory was the
fastest growing service
line, with 19.7% growth,
topping US$4bn,
reflecting the
successful
implementation of a
co-ordinated market
strategy around the
world and an increased
focus on priority
clients.
Tax also performed
very strongly with 12.1% | |
|
| | growth, to over US$5bn,
resulting primarily from
a heightened emphasis on
providing services to
non-audit clients.
PwC Assurance
continues to place its
main focus on quality
and, despite a levelling
off in demand for
Sarbanes-Oxley related
services, reported
year-on-year revenue
growth of 7.8%, to over
US$11bn.
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