(December 16) – KPMG International is reporting record results for its 1999 fiscal year. The firm generated revenues of US$12.2 billion for the fiscal year ended Sept. 30, up 17% from 1998.

The firm says consulting revenues grew 32% to US$3.5 billion, revenues from tax services are up 16.5% to US$2.3 billion, assurance services grew 9% to US$5.1 billion worldwide, financial advisory services revenues climbed 39% to US$885 million, while all other services generated US$400 million.

We see exciting prospects for KPMG as we head toward the creation of a truly global firm, managed on a global basis. We are removing national barriers to serving global clients and realizing KPMG’s unique vision of the future. focused on a globally managed product line organization that services multinational clients wherever they operate,” says KPMG chairman Stephen Butler.

KPMG now employs more than 103,000 professionals, including 7,000 partners,
in 159 countries.
-IE Staff