Grant Thornton posts record combined global revenues of $4.5bn

Grant Thornton posts record combined global revenues of $4.5bn

PanARMENIAN.Net - Grant Thornton announced record combined global revenues of US$4.5 billion driven by 8.1% growth in U.S. dollars for the year ended Sept 30, 2013.

Grant Thornton led the six largest global accounting organizations in reported revenue growth rate in 2012 and does so again in 2013.

“While we are pleased to report strong growth results, our focus as a global organization remains unchanged in first providing high quality services to our clients and helping them unlock their potential for growth,” said Ed Nusbaum, global CEO of Grant Thornton.

In 2013 the global organization added more than 7.6% to the total number of people in 134 countries of the world, reaching a total workforce of 38,543. Growth was strong across all key service lines, with the following results:

Highest growth seen in advisory services with 20.2% (21.1% in local currency) to US$1.3 billion;

Outsourcing services grew 18.8% (20.1% in local currency) to US$258 million;

Assurance services grew 3.3% (4.1% in local currency) to US$1.96 billion;

Tax services grew 1.8% (2.5% in local currency) to US$925 million;

9 new member firms have joined the Grant Thornton network and 15 M&A expansions were recorded.

A survey of more than 200,000 business and engineering students from 12 of the world’s largest economies named Grant Thornton one of the top 50 most attractive global employers, placing 35th. In placing in the top 50, Grant Thornton is “distinguished as an ideal employer in the professional services sector.”

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