PwC revenues rise to record US$41.3 billion
- Strong growth in all major markets
Revenues up 7% in local currency, 10% in US dollars while repositioning our portfolio of businesses and investing in our people for the future
Global workforce up to over 250,000
27,016 new graduates recruited
Over $1 billion investment in quality and transforming into one of the world’s leading Cloud enabled businesses
New targets to tackle carbon emissions and focus on societal impact
For the year ending 30 June 2018, PwC firms around the world earned total gross revenues of US$41.3 billion. Topping US$40 billion for the first time – and marking 21 years of uninterrupted revenue growth. In local currency revenues grew by 7% and in US dollars by 10%.
“This impressive growth is due to our focus on the marketplace and the hard work, professionalism and dedication of our 250,000 people who continue to develop and innovate to meet the changing needs of our stakeholders around the world,” said Bob Moritz, PwC’s Global Chairman. “In addition, everything we do is guided by our focus on quality and our purpose to build trust in society and solve important problems.
“Technology is redefining PwC and the quality and relevance of the services we provide, just as it is reshaping the world of business. Across our network we are fully focused on implementing the best technology ideas for our stakeholders. By 2019 we will have invested over US$1 billion enabling our business in the Cloud, helping maximise the quality and impact of our services and solutions.
“We are proud of the work we do for our stakeholders, our role as one of the world’s major recruiters and trainers of finance professionals as well as the contribution we make to the societies in which we operate.
“No organization is, however, perfect. We have been criticised this year, and where we have made mistakes we have taken responsibility for our actions. There are always lessons for us to learn and more that we can do to improve. We are also very conscious of some of the criticism that has been levelled at our profession. We take this very seriously; we are working hard to address it and to better demonstrate the contribution that we make to the capital markets and society as a whole. Nothing is more important to me than to lead a PwC that remains trusted, relevant and vital to serving the needs of all our stakeholders.”
To hear more from Bob Moritz watch him in conversation with journalist Maggie Murray. Click here.