New York (Nov. 19, 2003) -- Beset by sluggish performance in its South and Central America region, and a dip in its tax and legal services line, Big Four firm PricewaterhouseCoopers posted 2003 net revenue of $14.7 billion for the period ended June 30, vs. $13.8 billion for FY 2002.
The firm said that its 2003 revenue growth in U.S. dollars was aided by a favorable currency exchange rate, but when expressed in local currencies revenue was flat with the year-ago figures.
With respect to performance in various service lines, PwC said its assurance and business advisory services generated $8.9 billion, an increase of 4.2 percent at FY03 exchange rates, while tax and legal services fell roughly 3 percent, to $4.3 billion..
Meanwhile South and Central America plunged over 14 percent, to $267 million.
-- WebCPA staff
