BDO USA LLP reported a whopping 22 percent revenue increase in fiscal year 2014, jumping to $833 million in the year ending June 30, compared to $683 million in fiscal year 2013.
The firm said Tuesday its growth was achieved through contributions from all business lines, with 23.3 percent coming from consulting services, 22.7 percent from the tax practice, and 21.3 percent from assurance services, with each achieving strong increases in revenue.
BDO’s growth in fiscal 2014 was fueled by organic growth of 11 percent and an expansion strategy that added another 11 percent to revenue, according to BDO USA CEO Wayne Berson.
The firm’s assurance business line represents 58 percent of BDO USA’s business. BDO’s tax and consulting lines represent 32 percent and 10 percent of revenues, respectively.
“Moving forward, we believe BDO USA is favorably positioned for continued growth as both public and private entities continue to be attracted to our industry focused approach,” Berson said in a statement.