Grant Thornton posts $1.8B in revenue for FY 2018
Top Six Firm Grant Thornton LLP announced revenues for the fiscal year ended July 31 of $1.8 billion, an increase of 3.4 percent over the previous year, and a record for the firm.
“We set new highs for our key financial and business results and followed through on our commitment to invest aggressively in the future of our firm,” said CEO Mike McGuire in a statement. “We’ve built a strong foundation for consistently delivering value to our clients and growing the business, and remain focused on staying ahead of rapid market changes.”
Among the investments the firm made were a number of prominent new hires and internal appointments, including:
- Chief economist Diane Swonk;
- Chief people and culture officer Brenda Wagner;
- Managing director of applied artificial intelligence JT Kostman; and,
- National managing partner of innovation Kevin Baril.
Grant Thornton also highlighted its ongoing branding efforts, which include sponsorships of the PGA Tour, The Players Championship, and professional golfer Rickie Fowler.
Other areas of investment include new solutions for clients, particularly around disruptive technologies; people and culture; operational efficiency and growth; and overall quality.
The firm also noted that it received a number of awards for its culture, including being named one of Working Mother magazine’s Top 100 Companies, and a National Association for Female Executives’ Top Company for Executive Women, as well as a number of Best Places to Work lists.
Grant Thornton ranked No. 6 on Accounting Today’s 2018 Top 100 Firms list, has 59 offices, over 600 partners and more than 8,300 employees.