KPMG’s 2012 results will be out any day now!
Last year KPMG reported on 12th of December 2011 for revenues of $22.7 billion for the fiscal year ending September 30, 2011, up 10.1% from 2010. Audit revenues rebounded to grow 5.8 percent in U.S. dollars to US$10.48 billion against strong competition in the marketplace and a difficult business environment. Tax revenues grew 13 percent in U.S. dollars to US$4.69 billion.Advisory revenues rose 14.8 percent in U.S. dollars to $7.54 billion.
Last year was great, and showed a strong rebound from the recession. And this year already all the other Big Four firms have reported around 8% growth, and KPMG with a later year end in September should be close.
In addition to revenue growth, we will be watching for that very important revenue gap with Ernst & Young.
In the next few days, the firm should be out with results, and we will provide our commentary.