Crowe Global Reports Eight Years of Consecutive Growth

NEW YORK, Jan. 27, 2020 /CNW/ -- Crowe Global (Crowe) reports an outstanding eight years of consecutive growth. The eighth largest audit, tax and advisory network in the world announced global revenues of US$4.4.bn in 2019, an increase of 3.5% (excluding Forex impact).

The results reinforce the network's continued strength in the global market. Standout regional performances came from Latin America which grew by 13%, Africa by 12%, North America by 8% and Europe by 6%. The results are bolstered by impressive country growth figures in India (28%), Canada (14%), the Netherlands (12%) and Indonesia (75%).

Continued client demand for global talent acquisition provided the network with new growth opportunities related to international mobility. Over the last twelve months, Crowe increased its tax advisory revenues by 10%, its technology solutions, and expanded its HR advisory practice into new territories. Audit revenues also grew, demonstrating Crowe's ability to respond to regulation changes and the evolving needs of clients.

David Mellor, Chief Executive Officer of Crowe Global, comments:

"I am very pleased that we have continued to achieve growth over the last twelve months. Volatility in foreign currency exchange rates and unstable economic conditions in several regions has resulted in a challenging global trading environment for many. At Crowe, we are focused on driving value for our clients, our people and our communities through collaboration, leadership and agility; it is these priorities that enable the network to navigate this uncertain landscape.

Alongside the financial achievements, I am especially pleased that our firms gained recognition with accolades such as Best Tax Provider (UK) at the Expatriate Management & Mobility Awards and Best Tax and Audit Provider (UAE) at the Global Banking and Finance Awards. In Latin America and in North America, Crowe was named as one of the best workplaces in the Fortune 100 Best Companies to Work For list. These successes are testament to our 42,000 people who are committed to providing service excellence and helping our clients make smart decisions."

Crowe Global is a leading international network of separate and independent accounting and consulting firms that may be licensed to use "Crowe" in connection with the provision of accounting, auditing, tax, consulting or other professional services to their clients. Crowe Global itself is a non-practicing entity, and does not provide professional services in its own right. Neither Crowe Global nor any member is liable or responsible for the professional services performed by any other member.

 

 

SOURCE Crowe Global

These press releases may also interest you at 05:15 U.S. Department of Energy Selects LS Power's SWIP-North Project for the Transmission Facilitation Program The U.S. Department of Energy's ("DOE") Grid Deployment Office today announced that it has selected a project owned by Great Basin Transmission, LLC ("GBT") to enter into capacity contract negotiations as part of DOE's Transmission Facilitation... at 05:07 PolyU forms global partnership with ZEISS Vision Care to expand impact and accelerate market penetration of patented myopia control technology The Hong Kong Polytechnic University (PolyU) is partnering with ZEISS Vision Care, one of the world's leading manufacturers of eyeglass lenses and ophthalmic instruments, to expand the global impact and speed up the market penetration of PolyU's... at 05:03 Spinergie's digital fleet management platform selected by Seaward Services for remote monitoring and performance optimization Full-service vessel management company Seaward Services, Inc. has selected maritime technology company Spinergie to deploy its comprehensive Smart Fleet Management solution across its fleet of offshore vessels.... at 05:02 CNOOC Limited Achieves Strong Growth in both Net Production and Net Profit in Q1 2024 CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announced its operating results for the first quarter of 2024.... at 05:00 TAL Education Group Announces Unaudited Financial Results for the Fourth Fiscal Quarter and the Fiscal Year 2024 TAL Education Group ("TAL" or the "Company"), a smart learning solutions provider in China, today announced its unaudited financial results for the fourth quarter and the fiscal year ended February 29, 2024. Highlights for the Fourth Quarter of... at 04:57 Chubb Report: Damage During Home Renovations and from Extreme Weather are Top Concerns of U.K. High Earners Extreme weather, the competitiveness of the U.K. economy, and challenges to building and preserving wealth: these are among the top concerns of the U.K.'s highest earners.  Yet many of the most damaging threats on the minds of the wealthy are much... More news about Business...

News published on 27 january 2020 at 02:00 and distributed by: