EY Australias FY11 results point to fast-paced growth

Monday, 22 August 2011 — EY Australia has delivered FY11 revenue of $1.052b, up from $917m in FY10, CEO and Area Managing Partner Rob McLeod announced today.

Mr McLeod says the 14.8% revenue growth rate in what is a highly competitive professional services market is welcome and reflects a robust performance across all areas of the firm.

“We are particularly pleased with the fast pace of growth the firm has delivered in FY11.” says Mr McLeod.

We are confident about growth in FY12, despite the ongoing market volatility.”

“There are strong rates of growth across all our service lines, most notably 29% growth in Advisory which reflects client demand, primarily for performance improvement advice.”

Mr McLeod says the firm’s FY11 revenue results included 30% growth in Government and 20% in Resources.

The firm also has a strong focus on the financial services sector and has created its Asia-Pacific Financial Services Organisation (FSO) on 1 July this year. This combines the firm’s financial services professionals across the region to deliver more connected and seamless services to clients in the sector.

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