BDO USA, LLP Grows Revenue by 22.9 Percent in Fiscal 2016
Chicago, IL –
BDO USA, LLP, one of the nation's leading accounting and consulting firms, today announced revenue for the fiscal year ended June 30, 2016 was $1.29 billion, a 22.9 percent increase from last year’s revenue of $1.05 billion. This is the third consecutive year that BDO’s revenue has exceeded 20 percent growth. Over the past four years, the firm’s revenues have more than doubled – from $618 million in 2012 to $1.29 billion today.
BDO’s 2016 growth was achieved through contributions from all business lines, as the firm's assurance (+17%), tax (+27%) and consulting/advisory (+31%) practices each achieved strong results. Overall, assurance represents 50 percent, tax 33 percent and consulting/advisory 17 percent of BDO USA’s business.
"I want to congratulate all of our partners and staff on helping BDO to continue to achieve strong revenue growth across each of our business lines. The increase has been fueled both by impressive organic growth (+13.9%) and our ongoing expansion strategy (+ 9.0%)," said Wayne Berson, CEO OF BDO USA. "Both public and private clients are attracted to our service offerings and our industry focused approach to client service. Moving forward, we believe we are favorably positioned to continue to build on this success."
About BDO USA
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, financial advisory and consulting services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and more than 400 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of more than 1,300 offices in over 150 countries.
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com