KPMG has announced record high revenues of £14.3 billion for the last financial year, a 4.4% increase over the previous year.
The accountancy firm reported particularly strong growth in its financial services function. Advisory revenues grew by 8.3%, to $7.86 billion; tax revenues grew by 6.3%, to $4.86 billion and audit revenues grew by 0.9%, to $10.31 billion.
KPMG attributed their success to their focus on investments in emerging markets and key service areas, as well as aggressive recruitment of top talent.
Over the course of the year, KPMG increased its global workforce by over 5%, recruiting more than 18,000 graduates. They plan to recruit a further 60,000 graduates over the next three years, marking the highest planned recruitment levels in KPMG’s history.
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