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EY Hitting On all Cylinders; Reports 11.6% Annual Revenue Growth

Global professional services firm EY reported fiscal year 2015 earnings this week, and business is good, with notable growth across all four service lines and geographic areas.

The firm produced combined global revenues of $28.7 billion for its financial year ended June 30th 2015. This figure was an 11.6% increase over FY 2014 revenues in local currency, topping FY14 growth (which was up by 6.8% over FY13).

Highlights of EY’s annual report include all four service lines moving ahead of their FY14 growth: Advisory was up 17.6% (compared to 14.4% growth in FY14); Assurance was up 8.1% (compared to 4.5% in FY14); Transaction Advisory Services was up 15.5% (compared to 6.5% in FY14); and the Tax service group was up 10.3% (compared to 4.3% in FY14).

Statement from EY CEO

In a statement released Tuesday, Mark Weinberger, Chairman and CEO of EY...