KPMG reports global revenue of $24.44bn

KPMG International announced aggregated network revenues of US$24.44 billion for the fiscal year ending 30 September 2015, representing an 8.1 per cent increase in local currency terms (up from 6.3pc in the previous year). 

“This has been an exciting year for KPMG, as we have continued to innovate and invest at a record pace to meet rapidly changing global business demands. The breadth of services offered to clients has expanded considerably, with significant investment in new technologies such as real-time D&A, a record number of acquisitions, and bringing on board thousands of new, highly talented professionals,” said John Veihmeyer, Chairman, KPMG International. 

Europe, Middle East and Africa region (EMA, including India) revenues grew by 4.0pc, down slightly from the 4.7pc growth recorded in fiscal year 2014, reflecting the continued economic challenges faced by some countries in the region. Strongest growth within the region came from India at 18.3pc and MESA (Middle East and South Asia) at 12.7pc.

On the local picture, Jamal Fakhro, Managing Partner of KPMG Fakhro in Bahrain and Qatar said: “Locally, despite difficult market conditions - largely due to the impact of low oil prices, our business continues to grow.”

In the past 12 months, KPMG member firms around the world have completed a record number of 29 significant transactions and recruited a record high of more than 24,000 graduates, as well as experienced hires, including 352 new external hire partners who joined 643 newly promoted KPMG Partners.  

On Bahrain, Fakhro said: “We were delighted to promote 90 people this year including two new directors. We continue to attract great talent and over the past 12 months, have taken on 43 new recruits from outside of the business. We are also helping to develop young Bahraini talent by offering placements to our highest performers in member firms around the world through the Jassim Fakhro Fund.”