EY dodges the Covid effect and obtains record revenues of 31.2 billion worldwide, 4.1% more | Companies

EY obtained a record income of 37.2 billion dollars (31.2 billion euros at the current exchange rate) worldwide during its last fiscal year, ended last June 2020, which represents a growth of 4.1% compared to the same period of the previous year, despite the global economic impact caused by the pandemic.

“The Covid-19 pandemic has affected individuals, businesses and communities around the world, creating new challenges. While the past few months have been challenging for everyone, at EY we have also focused on our new NextWave strategy, which we launched in October. passed and confirms our ambition to build long-term value for all of our stakeholders, “said EY President and CEO Carmine Di Sibio.

This NextWave strategy to which he refers has the objective of creating long-term value based on four dimensions, such as human value, consumer value, social value and financial value, which has led to the redefinition of two of its lines of service: Strategy & Transactions and Consulting.

For this year, and with the aim of accelerating the digital transformation of the firm, EY plans to invest 1,500 million dollars (1,261 million euros) in its audit services, new technological solutions, as well as in professionals and strategic alliances.

Compared to the last fiscal year, all EY service lines registered growth: Audit by 3.1%; Consulting 4.9%; Fiscal and Legal 5.1%; and Transaction Advisory Services by 2.8%. Revenues also increased in all geographic areas: America, 3.4%; Europe, the Middle East, India and Africa (EMEIA), 3.4%; and Asia-Pacific, 8.2%.

During this period, EY provided continuity services to governments and companies as a result of Covid-19, such as the project with the Government of Chile to create digital triage tools that allow patients to be examined before entering emergency rooms. , among others.

In the last fiscal year, EY closed 18 acquisitions in cybersecurity, strategy, change management, design and technology, including SAP’s digital transformation. EY has reached 298,965 professionals worldwide, 5.3% more.

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