Accounting firm network Baker Tilly International reported Thursday that combined global revenues of its member firms around the world grew 7 percent in the 12 months ending June 2015 to US$3.8 billion.
Baker Tilly International has 165 independent member firms in 141 countries, with a total 28,000 people in 745 offices worldwide. Revenues for the network in North America increased 4 percent to $1.6 billion, and in Europe, the Middle East and Africa by 7 percent to $1.266 billion. In Latin America, revenue grew 16 percent to $101 million, and in the Asia Pacific region it grew 13 percent to $850 million.
In terms of service lines, audit revenue increased 2 percent to $1.383 billion, while consulting revenue grew 17 percent to $1.014 billion. Tax revenue increased 7 percent to $943 million, and accounting revenue grew 3 percent to $468 millon.
“This represents our strongest revenue growth since 2008,” said Baker Tilly International CEO and president Geoff Barnes in a statement. “We have seen growth across all our four regions and all service lines. Mergers and acquisitions are an important part of our members’ growth plans and we have seen an unprecedented number of mergers over the past year. In addition to announcing mergers in the G20 economies of Russia, Australia, Germany, the U.S. and the U.K., we have also expanded our presence across Italy, the Caribbean and Africa. We will continue to see mergers between national firms continue as firms strive to reach critical mass and develop strategic aims that may not be achievable on their own.”
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