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Ernst & Young(Strategic 100 2010)

Ernst & Young(Strategic 100 2010)

For the full financial year ended June 30, 2010, Ernst & Young’s revenues were down 0.9 percent to $21.3 billion from $21.4 billion the previous fiscal year.

Global HQ: London, England Website: www.ey.com

Global leader: James Turley, chairman and CEO

Local leader: Rob McLeod, Oceania managing partner and CEO

Core activity: Assurance, tax, transaction and advisory services

Revenue: US$21.3 billion (2009-10, ending June 30)

Key customers: Multinationals, public-listed and private companies across 14 principal industry sectors

Employees: 141,000 worldwide

For the full financial year ended June 30, 2010, Ernst & Young’s revenues were down 0.9 percent to $21.3 billion from $21.4 billion the previous fiscal year. However, revenues grew by 5.3 percent in the 2010 second half and continue to grow in fiscal 2011.

E&Y wants to increase productivity by developing shared services centres and centralising its practice support infrastructure. In this regard, the firm has integrated more than 140 associated firms in four key global regions: the Americas; Europe, the Middle East, India and Africa; Asia-Pacific; and Japan. This integrated business model allows it to meet the global demands of clients, as well as the legal and regulatory requirements that affect the organisation. Zafar Anjum

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