Showing posts with label flat. Show all posts
Showing posts with label flat. Show all posts

Sunday, April 18, 2010

Grant Thornton: Do Not Expect Higher Salary or Bonus This Year



Grant Thornton has some less than promising news for all professionals.


The firm surveyed 496 U.S. CFOs and senior comptrollers from March 22 through April 5, 2009, and found that 53% plan no salary changes in the next 6 months, while 32% plan to decrease and 15% plan to increase...


Wednesday, September 30, 2009

Ernst & Young: External Challenges Drive Flat Revenue From FY 2008 To FY 2009


Ernst & Young just reported its combined worldwide results for the year ending 30 June 2009 (FY09), the first Big4 firm to report its global results.

Combined global firm revenues of US$21.4 billion for the fiscal year ended 30 June 2009 (FY09) decreased a modest 0.2% in local currency terms from the comparable period in FY 2008. In FY 2008, E&Y reported US$23.0 billion in global revenues, and in US dollar terms, the revenue actually declined 6.8% from 2008 to 2009. This shows the dramatic effect of the appreciation of the US dollar in this period against foreign currencies. In other words, one unit of foreign currency translated to much fewer US dollars in the FY 2009 fiscal year compared to the FY 2008 fiscal year. We have highlighted growth in both local currency and US$ terms in our analysis.

Thursday, September 10, 2009

Deloitte UK and PwC UK Revenues Flat, Showing Tough External Conditions

PricewaterhouseCoopers LLP UK just reported its annual results for the year ending June 30, 2009 and with Deloitte LLP UK reporting its annual results for the year ending May 31, 2009, we have now two data points to understand better how the mid-2008 to mid-2009 period is shaping up for the Big Four firms. Please note that the UK firms are not representative of the entire firms, but they are certainly indicative and the data does arrive close to their year ends, while the Big Four firms seem to have the latitude, as private partnerships, to report their annual results months after the year is closed at a timing of their choice.