Ernst & Young experienced strong global revenue growth in the fiscal year ending June 30, 2017, increasing 7.8 percent on a local currency basis since the previous fiscal year, reaching a total of $31.4 billion for its member firms around the world.
Much of the revenue growth came from technology. EY pointed to continuing expansion of its globally connected EY Wavespace innovation centers to 15 and significant investments in digital transformation, analytics, artificial intelligence and robotics. Digital services, business advisory and capital transactions fueled the network’s double-digit growth in its advisory and transactions businesses. EY also grew through acquisitions, making 13 acquisitions and forging six global alliances to expand the network’s resources and capabilities.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access