KPMG Reports 2009 Revenues

KPMG, the network of professional service firms providing Audit, Tax and Advisory services, today announced member firm combined revenues totaling US$20.11 billion for the fiscal year ending September 30, 2009, versus US$22.69 billion for the prior fiscal year, representing an

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KPMG, the network of professional service firms providing Audit, Tax and Advisory services, today announced member firm combined revenues totaling US$20.11 billion for the fiscal year ending September 30, 2009, versus US$22.69 billion for the prior fiscal year, representing an 11.4 percent decline in U.S. dollars; a 2.6 percent decline in local currency terms.

“While overall revenue results for the 2009 fiscal year reflected the global economic downturn, we were pleased that our continued investments in high growth markets resulted in continued growth in those country member firms,” says Timothy P. Flynn, chairman of KPMG International. “The results reflect the resilience and expanding opportunities among developing markets, particularly in Asia where financial services revenues increased by more than 10 percent.”

KPMG’s strongest performing region was Asia Pacific, with local currency growth of 3.9 percent, driven largely by growth in the Audit practice across the firms. Revenues in the BRIC countries as a group grew 4.3 percent. Middle East and South Asia (MESA), where KPMG is also investing, was the fastest growing practice with a 25 percent growth rate.

“KPMG continued its investment in the BRIC countries, increasing headcount by 11.5 percent this year. Even in a challenging economic environment, we’re committed to making long term investments to add specialized skills to support the clients in those regions. Our headcount in those countries as a group has nearly quadrupled in the past ten years,” says Flynn.

D.C.

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