- Grant Thornton global revenues pass USD5 billion
Grant Thornton celebrates key milestones as global CEO Peter Bodin takes office and global revenues pass USD5 billion as network grows to 50,000 people.
Peter Bodin said: “Delivering record global revenues of USD5bn and reaching 50,000 people worldwide is a great achievement, thanks to the skill, hard work and dedication of our people. We now have a strong platform to create the next generation professional services organisation we want to become. I am honoured and excited to lead Grant Thornton as we begin our next chapter.”
He added: “I have always believed sustainable business success is built on having the right leadership, people and culture. My role now is to create an environment that enables Grant Thornton member firms and their people to innovate and collaborate globally. We want to build a brand that stands out in the market and we will have a resolute focus on digital transformation – for our own business and for our clients around the world.
Peter continued: “My team and I feel a strong sense of obligation to continue transforming our network amid a period of extraordinary change for clients and our industry. Our focus must be on leading that change. We must continue to strengthen our capabilities in strategic markets around the world and continue transforming our technology to take advantage of the opportunities change presents for those willing to be bold.”
Results for year ending 30 September 2017 in summary:
- The Grant Thornton network recorded growth of 6.3% on a local currencies basis (4.5% in US dollar terms) with total combined member firm revenues of USD5.0bn, thanks to particularly strong growth in Asia Pacific and Africa.
- The number of people in the Grant Thornton network globally grew by 5.5% to 49,601 people in more than 130 countries.
- The CIS region grew strongly again this year, by recording over 14% increase in revenue.
- Capabilities added to the network during the year through M&A or other combinations in Australia; Canada; Costa Rica; Denmark; India; Italy; Israel; Poland; South Africa; St. Lucia; and Sweden.
- Assurance services accounted for approximately 41% of total revenues (USD2.053bn, +1.8%); Advisory services 35% (USD1.736bn +4.1%); Tax services 21% (USD1.045bn +2.1%); and Other services accounted for 3% of total revenue at USD156 million.
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