EY to report record revenues of $45.4 bln for year-FT

EY to report record revenues of $45.4 bln for year-FT

Summary : An office building with Ernst & Young (EY) logo is seen amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020.

July 28 (Reuters) – Accounting firm EY has told staff it expects to report record global revenues of $45.4 billion for its most recent financial year, the Financial Times reported on Thursday.

The company had disclosed the figure on a call for its 312,000 staff globally, hosted by Chief Executive Carmine Di Sibio, the newspaper said (https://on.ft.com/3oVDtGJ), adding that EY usually reports its global revenues in September.

The sales number is a 13.5% increase on the $40 bln of revenues reported by EY for its previous financial year, which ended in June 2021 and increased 16.4% in local currency terms, FT quoted people at the firm as saying.