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E&Y revenues hit £14.7bn 4 October 2011

Revenue generated from the firm’s advisory division rocketed 17.5 per cent from £2.37 billion to £2.79 billion predominantly from new work taken on in the Asia / Pacific region.

Jim Turley, global chairman and chief executive officer of Ernst and Young, said it had been astrong year for all four geographical areas of the business, however.

He said: "We continue to see very positive reactions to the way we have globalised our organisation over the past few years, our investments in emerging markets and the great dedication and commitment of our people."

Broad gains

While the advisory division was the fastest growing, the business also witnessed large revenue increases in assurance (5 per cent), tax (6 per cent) and transaction advisory services (7.7 per cent).

Turley added: "In today’s increasingly complex and diverse world, we are focused on building lifelong relationships with our people.

"This ensures we have outstanding talent to provide our clients the best service wherever they do business."

According to the global boss, Brazil saw revenue increased of 26 per cent during the period while the emerging market territories of India, Africa, China and the CIS increased revenues by 22 per cent, 19 per cent, 18 per cent and 16 per cent respectively.

By Joe McGrath


Related reading:

- Ernst & Young revenue report



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