Sparked by double-digit growth in every one of its geographic regions, as well as higher results from its assurance and advisory services practice, Big Four firm Ernst & Young posted a 16 percent rise in fiscal 2005 revenues, to $16.9 billion versus the year-ago figure. E&Y posted a 16 percent revenue rise in the Americas and Central Europe, and a 14 percent climb in Western Europe. Meanwhile its Northern European, Middle Eastern, Indian and African operations all grew at a 19 percent clip. Its assurance and risk-based services rose 23 percent in 2005, while tax revenue climbed 5 percent.
"This strong performance during challenging times reflects the intense focus of our people on delivering quality at every level," said James S. Turley, Ernst & Young's chairman and chief executive, in a statement. "With this growth, we are able to increase our investments in our people, their training and development, our global systems and methodologies, and many public interest activities around the world."
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