CHICAGO--(BUSINESS WIRE)--Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, announced an all-time high revenue for its fiscal year ending July 31. Grant Thornton generated $1.354 billion in revenue in its 2014 fiscal year, up 6.2 percent year-over-year.
The revenue increase reflected organic growth across the firm’s service lines along with the contributions of the Oracle Solutions business acquired at the beginning of the 2014 fiscal year. The acquisition led Grant Thornton’s Advisory Services to continued growth, advancing 15.1 percent from the previous year. Tax Services grew by 3.8 percent while Audit Services, in which the competitive environment remains high, grew by 0.4 percent. The firm’s Energy; Professional Services; and Construction, Real Estate and Hospitality practices led from an industry perspective, all realizing double-digit growth for the year.
“This milestone is a testament to our exceptional people and their demonstrated quality work and dedication to extraordinary client service — driving value for the dynamic organizations we serve as well as for our firm,” said Stephen Chipman, chief executive officer of Grant Thornton LLP. “Now more than ever in our 90-year history, Grant Thornton possesses significant capabilities to continue to advance our strategy in the marketplace for long-term success.”
The firm continues to invest in talent who make a marked difference in the quality and breadth and depth of its services to clients in its chosen markets. Looking ahead, Grant Thornton anticipates growth primarily from organic means and strategic hires, including the continued development of its Advisory Services practice, industry knowledge and experience, and the realization of improved operational efficiencies.
About Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. In the United States, Grant Thornton has revenue in excess of $1.3 billion and operates 56 offices with more than 500 partners and 6,000 employees. Grant Thornton works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions and civic and religious organizations.
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