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Covid Saps PwC Global Revenue Growth, Firm Posts Small Gain (1)

Aug. 25, 2020, 1:02 PM; Updated: Aug. 25, 2020, 4:37 PM

Business was booming for PwC affiliates across the globe up until the coronavirus pandemic triggered shutdowns of major economies this spring, sending the Big Four firm’s revenues for the quarter tumbling 6% year over year.

The firm reported annual revenues of $43 billion globally for its fiscal year, which wrapped up at the end of June, hanging on to a 1.4% increase over 2019, PwC said Tuesday.

During the opening nine months of the year, the firm saw revenues grow 7%. But shutdowns and disruptions to trade resulted in huge losses of up to a third of revenue in ...

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