PRICEWATERHOUSECOOPERS (PwC) International, the world's leading professional services network, yesterday, declared gross revenues of $29.2 billion for its worldwide network of firms for the fiscal year ended June 30, 2011, an increase of 10 per centoverthe financial year2010.The company described the performance as the strongest growth in revenue since 2008, adding that 'at constant exchange rates, PwC's 2011 network revenues rose by 8 per cent'.It explained in a statement that while increasing revenues, PwC has also continued to recruit key talent, increasing overall headcount to nearly 169,000.'This focus on attracting the best people to PwC will continue in the year ahead with plans to recruit and train a record number of 20,000 graduates across the world in 2012.'In addition, PwC will offer training internships to 10,000 students to introduce them to professional services.'At PwC our goal is clear. We want to be the leading professional services network in the world, measured not just by revenues, but by the quality of our work, the talent of our people and the strength of our brand,' said Dennis M Nally, Chairman of PricewaterhouseCoopers International Limited.He added: 'The strong revenue growth across our network is the result of the commitment by PwC firms to continue to recruit the best people and to invest in both them and the quality service they provide'.'PwC has the strongest global network in our business and the most talented people. This combination gives us a real competitive advantage in the quality of work we are able to provide to our stakeholders', added Nally.A press statement made available to The Guardian explained that PwC's Assurance revenues grew by sevenper cent, to US$14.1 billion, 'an excellent performance in light of the fiercely competitive market for audit and accounting services around the world and downward pressure on prices which masks even stronger underlying growth.'While competitive pricing is important, PwC's Assurance operations, the largest in the world, are defined not by their price but the quality of the work they deliver. PwC firms continued to invest very heavily in service quality throughout FY (Financial Year) 2011 and this investment will accelerate in FY 2012.'Revenues for PwC's worldwide Advisory businesses grew strongly in FY2011, up 20 per cent to US$7.5 billion.Making reference to the result, Ken Igbokwe, Managing Partner for PwC Nigeria said'We expect our growth locally to remain healthy in FY2012 as companies continue to position themselves for better times.''This impressive growth was driven by an outstanding performance from PwC's consulting businesses, particularly in the United State, and by a series of strategic acquisitions around the world.
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