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The worldwide enterprise advisory and accounting agency Grant Thornton Worldwide Ltd introduced in late December that its international revenues grew to a report $7.5 billion for the monetary yr ended September 30, 2023. This is a rise of 10.9% in adjusted fixed foreign money phrases, and follows the 13.7% development achieved within the prior fiscal yr.
The community reported double-digit development throughout all main service strains (assurance, tax and advisory), led by assurance companies up 14.5%, reinforcing the community’s robust dedication to the multidisciplinary mannequin. Regional efficiency was additionally robust, led by Europe, Center East, Asia (EMEA) up 12.8%.
The agency grew its international staffing from 68,517 to 72,858 over the past yr.
Key highlights embody:
- Among the many community’s bigger companies, notably robust development was reported in fixed foreign money by India (+29.4%), Eire (+24.5%), Australia (+17.0%), Japan (+15.6%), Canada LLP (+15.3%), Canada RCGT (+14.3%), Germany (+14.3%) and France (+11.1%)
- Key strategic development market companies noticed development of 11.4%. Sturdy efficiency in these key markets was led by Nigeria (+78.0%), adopted by India (+29.4%), Thailand (+23.1%), Japan (+15.6%), Germany (+14.3%), Vietnam (+12.6%), Brazil (+12.4%) and Indonesia (+10.9%).
- Substantial development was additionally achieved in lots of different companies, together with UAE (+47.8%), Poland (+23.9%), Greece (+21.9%), Luxembourg (+20.4%), and Spain (+16.0%).
- Regionally, robust development was led by EMEA (up 12.8% to USD2.8bn), adopted by Asia Pacific (up 11.2% to USD1.3bn), and the Americas (up 9.3%* to USD3.3bn).
- Double-digit development throughout all main service strains was led by assurance (up 14.5% to USD3.2bn), adopted by advisory (up 11.8%* to USD2.7bn), and tax (up 10.8% to USD1.6bn), reinforcing the worth of the community’s multidisciplinary mannequin.
- Total, 106 member companies reported development in revenues this yr, with nearly 60% reporting double digit development.
“These outcomes underscore the community’s distinctive means to attain sustainable development regardless of ongoing challenges throughout the various markets through which our member companies function,” stated Peter Bodin, CEO Grant Thornton Worldwide Ltd. “Grant Thornton member companies have proved their resilience over current years within the face of geo-political, financial and regulatory disruption and these outcomes present how efficiently our member companies are serving to purchasers navigate this volatility.”
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