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KPMG global revenues grow to record US$29-bn

Jan 11. 2019
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By The Nation

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KPMG International has announced record aggregated network revenues of US$29 billion (Bt925.4 billion) for the fiscal year ending 30 September 30, 2018, (FY18), which represents a 7.1 per cent increase in local currency terms on FY17.

“We are making record investments in our business to help clients capitalise on the unprecedented transformation they are going through,” said Bill Thomas, Chairman, KPMG International, in a press release issued on Friday.

“We are committed to continuously improving the quality of every service we provide, recognising the vital role we perform for clients and capital markets.”

The company said its firms grew across all three geographic regions:

Americas revenues grew 6.2 per cent in FY18, up from 4.4 per cent in FY17; Asia Pacific delivered strong growth with revenues increasing 8.7 per cent in FY18, an increase on the 8.1 per cent recorded in FY17;

Europe, Middle East and Africa (EMA, including India) revenues increased 7.3 per cent in FY18, up from 4.0 per cent in FY17

“KPMG is continuing with a multi-year global investment program, investing more than US$4 billion in innovative new services, technology, and acquisitions over the next four years. This investment program is focused on transformative technologies, such as artificial intelligence and intelligent automation, cyber security, and our intelligent audit and tax platforms.” Thomas said.

“Just as we are working with our clients around the world to transform their businesses, we’re also harnessing the power of digital transformation to drive our growth and raise the level of efficiency, innovation and quality.”

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