Colin linked to KPMG's celebratory tweet in the roundup this morning but he failed to point out the best part. The celebration at KPMG was short-lived when they realized even if they made more money than ever, they still aren't making as much money as everyone else:
KPMG International (KPMG) today announced record-high aggregated revenues of US$23.42 billion for the fiscal year ended 30 September 2013, representing a 3.7% increase in local currency terms over the previous year.
KPMG only barely came in under EY (again), who reported revenues of $25.8 billion. And as we know, no one could touch Deloitte who trampled PwC down to #2 with $32.4 billion in revenue.
Michael J. Andrew, Chairman, KPMG International, commented:
"Over the past year we have seen the first widespread signs of economic confidence returning to clients and this has led to improving demand for services around the world, accelerating growth in the second half of the year. Continuing to make significant investments in a difficult economic period while delivering operating efficiencies has ensured we are well-placed to meet this upturn in demand, and will drive stronger growth in the future. We are delighted to report record revenues in target high-growth markets. KPMG has a longstanding commitment to supporting clients in the world's fastest growing economies and this focus drove 16.3% annual growth in revenues in India, 14.3% in Mexico, 13.1% in Africa and 10% in China."
It's OK, KPMG, keep on truckin' and maybe one day, you'll be as big as your press releases purport you to be.