| | In the fiscal year
ending 30 September
2011, KPMG’s Management
Consulting practice
achieved revenue growth
of 29%.
KPMG announced member
firm combined revenues
totalling $22.7bn, a
10.1% increase in US
dollars or 6.2% in local
currency terms.
The strong
performance spanned all
geographic regions and
resulted from a
strategic commitment
across KPMG member firms
to: invest in priority
high growth markets; to
focus on key industries | |
|
| | such as financial
services, healthcare,
government,
infrastructure, and
energy; and to expand
KPMG’s capabilities in
high-demand service
offerings including
management consulting
and tax services.
“To achieve
double-digit growth in
such a tough environment
shows that we have the
right strategy,” said
Michael J. Andrew,
chairman of KPMG
International. “We
achieved this by
focusing on fundamentals
and organic growth and
making common | |
| |
| | dollars, or 8.5% in
local currency terms, to
$4.69bn. Advisory
revenues rose 14.8% in
US dollars, and 11.2% in
local currency terms, to
$7.54bn.
KPMG’s Management
Consulting practice,
with its revenue growth
of 29%, has become, on a
combined basis, a $2bn
business in just six
years. With the
acquisition of
EquaTerra, KPMG jumped
from fourth place to be
the market leader in
shared services and
outsourcing advisory.
Revenues grew across | |
|
| | all of KPMG’s geographic
regions, with gains in
US dollars of 16.6% in
Asia Pacific, 10.7% in
the Americas, and 7.7%
in Europe, the Middle
East, Africa and India.
Much of the increase
came from high growth
markets, with India
growing at 25% and
Brazil at 22% in local
currency terms. In
October, Andrew
underscored KPMG’s
commitment to high
growth markets when he
became the first head of
a Big Four accounting
network to be based in
Asia. | |
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