This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.
From 2011 to 2012 however, there was strong performance for the Americas region from all the firms - Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC
New York, NY (PRWEB) January 21, 2013
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC noted that the Americas region of the Big Four Accounting Firms increased 9.2% from 2011 to 2012 after rising 9.9% from 2010 to 2011.
The Americas represent about 40% of global revenues of the Big Four firms combined revenues, but its share has been falling over the years. From 2005 to 2012, there has been a noticeable drop of about 3% in the Americas region’s share of the total revenue for all the firms. In 2005, 42% of combined firm revenues were reported from the Americas region, whereas in 2012, it had dropped to only 43% of total firm revenues.
From 2011 to 2012 however, there was strong performance for the Americas region from all the firms, with the region growing overall at 9.2% in US Dollar terms – PwC grew the fastest at 12.8%, followed by E&Y at 9.3%, Deloitte at 8.0% and KPMG at 5.7%.
There also appears to be large variation across firms in the proportion of total global revenue from the Americas. For example, Deloitte at the high end, sources 50% of its revenues from the Americas driven by its Deloitte Consulting unit, and KPMG at the low end has only 32% of its revenues from the Americas. Ernst & Young has 40% and PwC has 39% of their total revenues from the Americas, in line with the total firm average.
While Latin America, and particularly South America and Mexico have provided good growth opportunities for growth in recent years, the predominance of the mature markets of USA and Canada with their slower growth has generally limited the expansion of Big Four firms in the Americas region. For example, KPMG noted that 2012 revenues in Brazil grew 20+%, Deloitte reported that Latin American countries grew 16%. E&Y Brazil grew at 17.5%. South and Central America for PwC grew 13% while North America and Caribbean revenues grew 13%.
The 3% revenue share loss of the Americas has generally gone to Asia Pacific, where emerging markets such as China, India, Korea and Vietnam have grown at disproportionately higher rates.
The full analysis is available at http://www.big4.com/analysis
Big4.com is the accounting, tax, consulting and IT professions’ premier resource, and has been exclusively focused on Big Four firm professionals and alumni for 10 years, providing high quality content, connectivity and commerce. The Big Four Job Board offers fresh job opportunities – clients include the world’s leading companies. Big Four News covers key news, developments, events, survey results, press releases and appointments. The Big Four Blog provides opinion and insight on recent and key developments, news, happenings, management changes, regulations, acquisitions and capital market activities. Big4 Video is a professionally produced news covering key global developments in this space.
Big4.com has a strong presence on key social media platforms:
Youtube: Big4Video is a professionally produced weekly news magazine
Twitter: @Big4 has 10,500 followers. http://twitter.com/big4
LinkedIn: The Big Four Alumni and Professionals group is one of the largest alumni groups with 125,000+ members. http://www.linkedin.com/groups?about=&gid=1022
Facebook: The Big4 fan page has 8,500 fans at http://www.facebook.com/big4page
Xing: The Big Four Alumni and Professionals group has 1,550+ members at http://www.xing.com/net/big4alumni
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012AmericasRegion/RevenueGrowth/prweb10318670.htm