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KPMG Reports 10.1% Rise in Full-Year Revenue to $22.7 Billion

Dec. 11 (Bloomberg) -- KPMG International, the global accounting and professional services firm, reported a 10.1 percent rise in revenue in the fiscal year ending Sept. 30.

Revenue for the full year rose to $22.7 billion, the U.K.- based company said in an e-mailed statement. The firm increased revenue across all of its geographic regions with a particular emphasis on high-growth markets, it said in the statement.

“To achieve double-digit growth in such a tough environment shows that we have the right strategy,” Michael Andrew, chairman of KPMG International said in the statement. 

KPMG said revenue from its auditing business grew 5.8 percent to $10.48 billion in the period, while revenue from the tax unit increased 13 percent to $4.69 billion and advisory revenue rose 14.8 percent to $7.54 billion.

To contact the reporter on this story: Gavin Finch in London at gfinch@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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