Tuesday, January 5, 2010

Big4.com Releases Its 2009 Big Four Firms Performance Analysis

One of a kind study reveals unique insights into the world’s largest accounting firms.

New York, NY (PRWEB) January 5, 2010 -- Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers announced today the release of the 2009 Big Four Firms Financial Performance Analysis. This report provides a detailed financial and operating analysis of the performance of the four largest accounting firms in the world. The analysis shows 2009 was a pivotal year as the global economic slowdown abruptly reversed five straight years of double-digit revenue growth.

Social Network for Big Four Alumni and Professionals
Social Network for Big Four Alumni and Professionals
“The 2009 fiscal year was a difficult one for Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers, with revenues falling between 4 and 11 percent from 2008, as firms dealt with a tough external environment, slower worldwide growth, reduced spending on professional services, and minimal merger and acquisition activity. Revenues fell most in developed countries, while growth still continued in emerging markets in Asia, Latin America and Eastern Europe.” stated David Hunter, Vice President at Big4.com. “Despite the limited data points that the firms report each year, our exclusive look at six years of financial performance of these firms shows some very interesting trends and insights across firms, geographies and service lines.”
Our exclusive look at six years of financial performance of these firms shows some very interesting trends and insights across firms, geographies and service lines.
In 2009, PricewaterhouseCoopers remained the largest Big Four firm with revenues of $26.2 billion, just ahead of Deloitte with revenues of $26.1 billion, followed by Ernst & Young with 2009 revenues of $21.4 billion and KPMG with revenues of $20.1 billion. The appreciating U.S. dollar over the reporting period magnified year over year revenue declines; when measured in local currency terms, revenues fell by lower percentage levels. The analysis has further details on performance by global regions and by Audit, Tax and Advisory service lines, and expectations for the future.

The 2009 Big Four Firms Financial Performance Analysis is available at http://www.Big4.com or downloadable at http://www.big4.com/media_kit/big4_media_kit.pdf.

About Big4.com
Big4.com is the tax and accounting profession’s premier resource for Big 4 professionals and alumni. Our goal is to build upon the commonly shared experiences of alumni who have worked at any of the Big four firms and provide a trusted online platform for inter-alumni connectivity, enabling users to post and apply to attractive opportunities, get updates on Big 4 news, and happenings through our official site blog. Big4.com has a strong presence on key social media platforms:

 

For more information on Big4.com, please visit the site, or call 866.690.5050.

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