Companies

EY reports global revenues of $37.2bn in 2020

EY has reported today (10 September) combined global revenues of $37.2bn (£33.8bn) for the financial year ended June 2020.

This is an increase of 4.1% in local currency for the firm and comes after a strong recorded annual growth of 7.7% over the last seven years.

In the last quarter, the organisation introduced 38 new Covid-19-related solutions, alongside 11 alliance organisations, to support its clients during the economic downturn.

EY’s new NextWave strategy is set to bring greater focus on ‘‘long-term value creation’’, with the firm investing over $1.5bn (£1.2bn) in its workforce, audits and technology.

Carmine Di Sibio, EY Global Chairman and CEO, says: ‘‘The Covid-19 pandemic has affected people, businesses and communities everywhere, creating new challenges for us all. During this difficult period, our number one priority has been the safety of EY people, clients and communities.

‘‘In a matter of weeks, we had nearly 300,000 EY people working remotely and supporting EY clients’ business continuity and resilience needs. EY people also created a wide range of pandemic-related solutions for clients and provided pro-bono support to communities and governments.’’

She added: ‘‘While the last few months have been challenging for everyone, we have remained focused on our NextWave strategy, which we initiated last October and affirms our ambition to build long-term value for all stakeholders. 

“Now more than ever, we need to be absolutely focused on investing in EY people and services to help EY clients transform, innovate and address their most pressing issues for the long-term.”

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