Professional services firm KPMG closed its fiscal year, which ended in September, with a turnover of 34.64 billion dollars (32.49 billion euros), an increase of 7.8 percent compared to the previous year, the company said Tuesday.
When accounted in local currency, i.e. without taking into account the distorted effect of the exchange rate, the increase in KPMG’s turnover for the year was 13 percent.
«The financial performance of KPMG firms validates an unwavering commitment to delivering the highest quality services through a multidisciplinary approach that helps us provide solutions to our clients’ toughest challenges and also validates stability and resilience in investing, even in difficult times,» said the firm’s chairman and global counsel, Bill Thomas.
By business segment, the audit division experienced revenue growth of 3.4 percent to 11.85 billion dollars (11.114 billion euros), while consulting services had a turnover of 15.44 billion (14.482 billion euros), up 13.1 percent. The legal and tax consulting division posted revenues of 7.35 billion (6.894 billion euros), up 4.7 percent.
By geographic area, revenues in Europe and the Middle East were 14,620 million (13,713 million euros), up 2.4 percent, while in the Americas they rose by 15.4 percent to 13,710 million (12,859 million euros), and in Asia-Pacific they were 6,310 million (5,918 million euros), up 5.7 percent.
