8 years news

Crowe Horwath International marks eighth consecutive year of revenue growth

Crowe Horwath International
8 years news

Crowe Horwath International (Crowe Horwath) marked its eighth consecutive year of revenue growth reporting total global gross revenues of USD3.8 billion for calendar year ending December 31, 2017, representing a 4% increase in local currency terms (3% USD).

“I’m pleased with our network’s performance in 2017. All core lines of business experienced growth, our geographic footprint continued to expand with capabilities added in target markets, and strategic investments were made in the areas of innovation and technology,” said Kevin McGrath, CEO, Crowe Horwath International. He added, “Crowe Horwath’s ongoing growth is without a doubt a testament to the high-quality services provided to clients by member firm partners and professionals they know and trust to deliver lasting value.”

Highlights of our aggregate performance include:

  • Our members’ ability to deliver lasting value for clients across all service areas led to growth across all core lines of business. Assurance services accounted for 44% (USD1.7B) of total revenues, tax services accounted for 25% (USD.9B) and advisory 31% (USD1.2B).
  • Advisory grew 6%
  • Tax grew 3%
  • Audit & Assurance grew 1%
  • Advisory’s strong growth was driven by high demand from member firm clients’ seeking providers that can offer industry-specific solutions that manage risk and maximize performance. Our global consulting practice has expanded in these channels linking subject matter expertise with enabling technologies.
  • Growth ranging from 2% to 6% was achieved in four of our geographic markets, with North America leading the way at 6%.
  • Our strategic vision of expanding our geographic footprint and building scale with high quality firms in key markets continues to pay off. Sixteen new member firms were added in growth markets such as Central and Eastern Europe, Japan and Russia.
  • Our total global workforce climbed to 36,540 professionals (up 3%) providing services across 130 countries.