PricewaterhouseCooper global revenue grows 10%, India growth 17% | business | Hindustan Times
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PricewaterhouseCooper global revenue grows 10%, India growth 17%

business Updated: Oct 06, 2015 13:18 IST
Pricewaterhouse Cooper

Pricewaterhouse Cooper’s logo.(HT File Photo)

PwC reported total global gross revenue of USD 35.4 billion for the fiscal year ended June 30, registering a rise of 10% over the last year, while India revenue clocked a strong growth of 17%.

The global consultancy firm reported strong growth across all lines of businesses and in all regions, even as business environment across the globe remained challenging.

“... the PwC network performed exceptionally well in FY15 with growth of 10%, pushing revenues over the USD 35 billion mark for the first time,” PricewaterhouseCoopers International Chairman Dennis M Nally said.

PwC India is the fastest growing unit in group’s network in the financial year 2015.

Revenue growth in Asia was also strong in the year 2014-2015 as it rose by 9% to USD 4.1 billion. PwC’s firms in China and Hong Kong grew by 8% and India recorded strong revenue growth at 17%.

“PwC India clocking the fastest growth rate in the PwC network is a reflection of the immense opportunities in the Indian market for professional services,” PwC India network Chairman Deepak Kapoor said.

Kapoor further said that “we have got great momentum going into FY16 and advising clients from strategy to execution and co-creating sustainable solutions with them will dominate the landscape for us”.

Globally, PwC’s largest firm, PwC US, reported an impressive year with revenues up 10% to USD 12.2 billion and strong growth in all lines of service, while, the UK firm, PwC’s second largest, also performed strongly with revenues up 9% at USD 4.1 billion.

Growth also increased impressively across Europe with revenues up 8% in Western Europe and 6% in Central and Eastern Europe.

On staff front, PwC added 53,049 people in FY15, including 24,600 graduates. Its global headcount grew 6% to more than 2,08,000.

“We believe an increasingly diverse workforce will make PwC even more successful in the future. This is why we are supporting the UN Women’s gender equality movement HeForShe this year and asking PwC men to commit to helping remove barriers to gender equality,” Nally added.