CANBERRA: Professional services firm EY Australia expects to near double-digit growth over the coming financial year, after acquisitions helped increase the group’s full-year revenue by 14 per cent in fiscal 2015.
EY, which employs around 6,000 people in the Australian business, said revenues for the 2015 financial year lifted to $1.29 billion, thanks to a strong increase in the professional services firm’s advisory arm.
The advisory unit witnessed a growth rate of just over 30 per cent, benefiting from a “robust” pipeline of acquisitions during the year, EY said.
The firm made seven takeovers in the past year, including Net Balance, Sweeney Research, C3, ISD Analytics, Roam Consulting, dsd and Health Partners. Acquisition revenue as a percentage of total revenue was 1.5 per cent.
Advisory was buoyed by a 44 per cent lift in its performance improvement division, while the risk business grew by more than 12 per cent.
EY Oceania chief executive Tony Johnson said EY was expecting “moderate to good” growth in the coming year, with the firm “to approach double digit growth”.
