Tuesday, October 06, 2015

PWC posts total global gross revenues of N7.05trn

The number one professional services company, PricewaterhouseCoopers International Ltd (PwC) network,  has reported total global gross revenues of US$35.4 billion, about N7.05 trillion for the fiscal year ended on June 30, 2015, reports ITRealms.

At constant exchange rates, PwC's total global revenues rose by 10 per cent. This is up significantly from the previous year and the strongest year-on-year growth that the network has seen since FY07. Growth was strong across all lines of business and in all geographic regions.

The Chairman, PWC, Dennis M. Nally, said, “The global business environment remains challenging, with a continuing patchy economic picture, geopolitical issues creating uncertainty for business and fierce competition in the professional services market.  Despite these challenges the PwC network performed exceptionally well in FY15 with growth of 10 per cent, pushing revenues over the US$35 billion mark for the first time.

“Our strongest growth for eight years is a result of the significant investment we have made in recruiting the best people, enhancing the quality of our services and building new product offerings such as data analytics.  We have also continued to make key strategic acquisitions to complement and expand our core business.

The South African firm, ITRealms gathered, also recently appointed Dion Shango as the Southern Africa CEO role with effect from July 1 2015.  Shango, a South African citizen, is the first African black to be appointed in this role within PwC. PwC South African Board Chair, Shirley Machaba, was elected to the PwC Global Board - the first female black partner to be elected to the Global Board.

Growth was also good across the Australasia and the Pacific Islands region with revenues up by 11 per cent with strong growth in Australia where revenues grew by 10 per cent.

Being the number one professional services network, PwC needs the best talent. PwC welcomed record numbers to the network, adding 53,049 people in FY15, including 24,600 graduates. Our global headcount grew 6% to more than 208,000 people, which reflects the exceptional opportunities for development and advancement PwC offers, ITRealms learnt..

Cyriacus Nnaji/GEE

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