New York, NY (PRWEB) January 21, 2013
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC noted that the Americas region of the Big Four Accounting Firms increased 9.2% from 2011 to 2012 after rising 9.9% from 2010 to 2011.
The Americas represent about 40% of global revenues of the Big Four firms combined revenues, but its share has been falling over the years. From 2005 to 2012, there has been a noticeable drop of about 3% in the Americas region’s share of the total revenue for all the firms. In 2005, 42% of combined firm revenues were reported from the Americas region, whereas in 2012, it had dropped to only 43% of total firm revenues.
From 2011 to 2012 however, there was strong performance for the Americas region from all the firms, with the region growing overall at 9.2% in US Dollar terms – PwC grew the fastest at 12.8%, followed by E&Y at 9.3%, Deloitte at 8.0% and KPMG at 5.7%.
There also appears to be large variation across firms in the proportion of total global revenue from the Americas. For example, Deloitte at the high end, sources 50% of its revenues from the Americas driven by its Deloitte Consulting unit, and KPMG at the low end has only 32% of its revenues from the Americas. Ernst & Young has 40% and PwC has 39% of their total revenues from the Americas, in line with the total firm average.
While Latin America, and particularly South America and Mexico have provided good growth opportunities for growth in recent years, the predominance of the mature markets of USA and Canada with their slower growth has generally limited the expansion of Big Four firms in the Americas region. For example, KPMG noted that 2012 revenues in Brazil grew 20+%, Deloitte reported that Latin American countries grew 16%. E&Y Brazil grew at 17.5%. South and Central America for PwC grew 13% while North America and Caribbean revenues grew 13%.
The 3% revenue share loss of the Americas has generally gone to Asia Pacific, where emerging markets such as China, India, Korea and Vietnam have grown at disproportionately higher rates.
The full analysis is available at http://www.big4.com/analysis
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