NEW YORK, 11 MARCH 2020. In a world that is changing with unprecedented speed, EY creates long-term value for clients by helping businesses grow, optimize and protect value while addressing today’s challenges and predicting tomorrow’s needs.
To achieve that objective, EY is continuously evolving its resources and offerings. This enables the firm to better meet the needs of its clients, who are also transforming their organizations amid constant innovation and rapid technological and societal disruption.
To accelerate its own transformation and sustain its position of strength, the EY US firm is investing more than $2.5B over the next three years that will secure its future and capture the market opportunity that disruption presents. These investments will be directed toward technology, acquisitions, and upskilling the workforce.
“With revenue growth of over 9% in fiscal year 2019, our business is strong and it’s from this position of strength that we are evolving our business and making investments to sustain and elevate our leadership position in this Transformative Age,” said Kelly Grier, EY US Chair and Managing Partner and Americas Managing Partner.
“Ultimately, these investments will help clients experience EY’s full capabilities that seamlessly connect diverse areas of expertise to solve key business issues and offer new solutions that drive results. We’re firmly focused on providing the very best solutions to the markets we serve while also delivering our quality commitment to our clients.”
To achieve this, EY is focusing its capital allocation to emerging growth areas and to evolving existing capabilities. These choices will accelerate the expansion of EY’s capabilities where the market is headed and where demand is greatest. Significant investments are planned in four key areas including:
- Investing in the workforce to cultivate new skills and capabilities
- Developing and expanding leading technology platforms and asset builds for all service lines
- Enhancing strategic objectives through acquisitions
- Expanding existing capabilities in high demand areas such as data science and analytics, technology consulting and strategy consulting.
EY’s bold moves signify its commitment to leading clients through the next wave of transformation, leveraging advanced technologies and market insights to help clients drive long-term value in an era of dynamic change.
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
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This news release has been issued by Ernst & Young LLP, a member firm of EY serving clients in the US.