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Grant Thornton: Racking Up $7.5B Around The Globe!

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Key Points:

  • Grant Thornton International Ltd achieved a record $7.5 billion in global revenues for the financial year ended September 30, 2023.
  • The revenue growth represents an increase of 10.9% in adjusted constant currency terms and follows a growth of 13.7% in the prior fiscal year.
  • The network reported double-digit growth across all major service lines, with assurance services leading the growth at 14.5%.
  • Regional performance was strong, with Europe, Middle East, Asia (EMEA) leading the way with 12.8% growth.
  • The firm also saw an increase in global staffing from 68,517 to 72,858 in the last year.

The global business advisory and accounting firm, Grant Thornton International Ltd, announced that it achieved a record $7.5 billion in global revenues for the financial year ended September 30, 2023. This represents an increase of 10.9% in adjusted constant currency terms, following the 13.7% growth achieved in the prior fiscal year. The network reported double-digit growth across all major service lines, with assurance services leading the way at 14.5% growth. Regional performance was also strong, with Europe, Middle East, Asia (EMEA) leading the way with 12.8% growth.

In addition to the revenue growth, the firm also increased its global staffing from 68,517 to 72,858 over the last year. Among the network’s larger firms, significant growth was reported in constant currency in countries such as India, Ireland, Australia, Japan, and Canada. Key strategic growth market firms also saw growth, particularly in Nigeria, India, Thailand, and Japan. Substantial growth was achieved in many other firms, including the UAE, Poland, Greece, Luxembourg, and Spain.

The strong revenue growth across all major service lines reflects the value of Grant Thornton’s multidisciplinary model, which combines assurance, tax, and advisory services. The network’s resilient growth highlights its ability to navigate challenges in various markets and assist clients in volatile geopolitical and economic environments. Peter Bodin, CEO of Grant Thornton International Ltd, believes that these results demonstrate the network’s exceptional ability to achieve sustainable growth and support its clients.

The strong financial performance of Grant Thornton International Ltd is a testament to its commitment to delivering high-quality services to its clients and its ability to adapt to changing market conditions. The significant growth in revenues and global staffing further solidify the firm’s position as a leading player in the global business advisory and accounting industry.

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