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All Areas and Service Lines record another year of strong growth
Ernst & Young today announced that its combined worldwide revenues increased to US$24.5 billion for the fiscal year ending 30 June 2008. This represented a year-on-year revenue increase of US$3.4 billion and a growth rate of 16.2% (9.5% in local currency [lc] terms). This growth was the result of winning new clients and the introduction of new services, as well as returns on investment in the emerging markets. It was partially offset by audit efficiencies enabled by the new US internal control standard and the economic downturn in many markets. “This was an important year for Ernst & Young for more than just our continued strong growth,” explained Ernst & Young Global Chairman and CEO James S. Turley. “We took...
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