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PwC reports revenue growth of $35.9 billion

Total workforce count reaches new record October 4, 2016: The PwC network reported total global gross revenues of US$35.9 billion for the fiscal year ended on 30 June 2016. At constant exchange rates (local currency), PwC’s total global revenues rose by over 7%. “The strength of our brand, the opportunities we provide for our people, the quality of our services and our focus on meeting...

Total workforce count reaches new record

October 4, 2016: The PwC network reported total global gross revenues of US$35.9 billion for the fiscal year ended on 30 June 2016. At constant exchange rates (local currency), PwC’s total global revenues rose by over 7%.

“The strength of our brand, the opportunities we provide for our people, the quality of our services and our focus on meeting the needs of our stakeholders are at the heart of PwC and how we measure our success,” commented Bob Moritz, Chairman of PricewaterhouseCoopers International Ltd. “Our revenue growth in FY16 across all major markets and businesses is testament to our fundamental purpose of building trust and solving problems.”

“To secure future growth, we are investing heavily in technology to enhance the quality and impact of our services and make the best use of the skills of our people. The world is changing rapidly and we are planning for the services our clients, capital markets and other stakeholders will need tomorrow, as well as serving their needs today. Whether it’s the tax and audit services of the future, transformational consulting, blockchain or augmented reality, we are implementing a strategy to meet the long-term needs of our stakeholders and the career aspirations of our people.

“This is an era of unprecedented scrutiny and the public expects more from business today. We are focused on how we can best serve not just the needs of our core stakeholders but society at large. This is reflected in our purpose, the culture we’re building right across our network and in the stories we tell in our annual review.”

Revenues
More revenue growth is coming from developing markets – particularly Asia where revenues grew by 10%, with strong performances in India and China.

In North America and the Caribbean revenues grew by 8% boosted by a strong performance from the US, our largest market in the world. While in South and Central America, revenues were up 9%.

In Western Europe growth was steady, up 6%. Central and Eastern Europe posted robust revenue growth of 10%.

People
The PwC network welcomed a record level of new joiners to the network, adding 58,081 people in FY16, including 26,780 graduates. Overall PwC’s global headcount grew by over 7% to more than 223,000 people.  The largest increases in workforce were in the strongly-growing markets of Asia and Central and Eastern Europe.  In addition 83% of people say they are proud to work at PwC.

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