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PwC, the world's leading professional services network, reported record total gross revenues for the fiscal year ended 30 June 2012 of US$31.5 billion. At constant exchange rates, PwC's total global revenues rose by 8%.
PwC firms reported particularly strong revenue increases of 13% in both North America and South America. This sustained growth follows a similarly strong performance last year and consolidates PwC's market position in the region.
Revenue growth in developing markets of the Middle East and Africa was also strong - up 15% - reflecting the commitment and increased investment in the region by the PwC network. PwC firms in Asia continued to grow well with FY 2012 revenues up 8%.
The PwC network's aggregate revenues also increased in Europe,...