PwC global revenues reach $34 billion in fiscal year 2014

Accordingly, revenue growth was strong across all lines of business for all of PwC’s largest firms and in all geographic regions. At constant exchange rates, PwC's total global revenues rose by 6 per cent.

“With organisations and our stakeholders around the world looking to PwC to help build trust in society and solve important problems, PwC firms continued to perform very well in fiscal year 2014. This strong performance was despite economic challenges in some countries, increased regulation and stiff competition in all our markets,” said Dennis M. Nally, chairman of PricewaterhouseCoopers International Ltd.

“Our success is built on the talent of our people, the strength of our unmatched global network, and our ongoing investments in the quality of our services right across the world. We’re also expanding our services to meet the needs of clients in the digital age by providing technology-enabled products including digital services, data and analytics and cybersecurity,” he added.

According to Nally, PwC’s growth in emerging markets outpaced that in the developed economies.

The emerging markets now make up 20 per cent of the firm’s global revenues and are expected to grow substantially over the next five years and PwC had strong revenue growth in India, up 24 per cent, China, up 11 per cent, and Brazil, up 10 per cent.

The firm also saw excellent results from its largest firms in the developed world. Revenues were up in the US by 6 per cent, in the UK by 5 per cent, in Germany by 4 per cent, and in Japan by 10 per cent.

Even in countries such as Italy and France where the economic conditions remain tough, PwC has seen growth of 8 per cent and 5 per cent, respectively.

“We plan to recruit even more graduates across the world in fiscal year 2015 than we did in fiscal year 2014, with a particular emphasis on students in the emerging markets and those studying overseas who plan to return to rapidly expanding markets like Africa. We are also actively recruiting students studying science and engineering to meet the growing need for data and analytics expertise by our clients,” said Nally.

“Overall, we’re optimistic about prospects for the global economy in the year ahead, and expect global GDP growth to increase to 3.2 per cent in 2015,” he added.

In Vietnam, PwC plans to recruit 150 new employees, including 120 fresh graduates, and reaches the number of 720 employees by end of the fiscal year 2015.

“We want to nurture continuous generations of quality employees in order to address our clients’ increasing demands on both size and quality of the services we are providing,” said Dinh Thi Quynh Van, general director at PwC Vietnam.