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Consulting, Tech Drive EY’s Global Revenues up 8% to $36 Billion

Sept. 5, 2019, 5:22 PM

Technology investment led to a surge in consulting revenues, pushing Ernst & Young LLP to record a ninth consecutive year of revenue growth among all international subsidiaries in 2019.

EY said in a statement Aug. 5 that its total global revenues rose 8% in local currency terms—a variety of national currencies used globally—to $36.4 billion in fiscal year 2019, and by 4.7% in U.S. dollar terms.

  • EY is about half way through a two-year program to invest $1 billion in technology, concentrating on automation and blockchain projects. This has helped to feed rapid growth in consulting services overall, although ...