Big Four

KPMG revenue slips due to Covid impact

The financial services giant’s annual aggregated revenues standing at $29.22bn, compared to $29.75bn in 2019

KPMG’s financial results for 2020 have revealed a pre-Covid growth rate of 5% by the end of 2020, resulting in the firm’s annual aggregated revenues standing at $29.22bn (£21.48bn).

This marked a slight drop against the previous year, which saw KPMG’s revenues hitting $29.75bn (£21.87bn) over the same period.

Currently, KPMG operates in 146 countries and territories and, by the end of 2020, has close to 227,000 people working in member firms around the world.

According to elsewhere, KPMG revenues finished 1% down at the end of the year

Bill Thomas, global chairman and CEO of KPMG International, said: “In this time of transformative change, we continue with our multi-year $5bn investment in technology, innovation and people to deliver quality and global consistency in everything we do to create powerful solutions for clients.

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“The trend to digitalization has been accelerated by the pandemic. This is the case for our clients’ businesses as well as all of our services across audit, tax and legal, and advisory.”

He added: “We are innovating and working closely with our strategic alliances to help clients digitally transform their businesses as well as continuing to develop and roll out our own digital platforms.”

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