PwC has reported revenues of $35.9bn for the year ended on 30 June 2016, a 7% increase compared to FY15.
Developing markets have contributed to the growth witnessed by PwC, especially in Asia that has seen its revenue grow by 10%, with particularly strong results in China and India.
Central and South America saw revenues increase by 9%. While North America and the Caribbean revenues increased by 8% as a result of the strong performance seen by the USA firm last year. Western Europe saw a steady growth of 6%, and Central and Eastern Europe saw revenues rise by 10%.
When it comes to the performance of PwC’s service lines, the sector that saw substantial growth was the advisory sector that grew by 8% to $11.5bn, driven by a rise in demand for services such as forensics and consulting, particularly cyber security, digital and data & analytics services, according to the network.