BDO Boasts Massive Revenue Growth in Fiscal 2014

Of course, there is an accompanying press release to go with the good news:

BDO USA, LLP, one of the nation's leading professional service organizations, today announced revenue for the fiscal year ended June 30, 2014 was $833 million, a 22 percent increase from last year’s revenue of $683 million.  The firm's growth was achieved through contributions from all business lines, as the firm's assurance (+21.3%), tax (+22.7%) and consulting (+23.3%) practices each achieved strong increases in revenue. 

The firm’s assurance business line represents 58 percent of BDO USA’s business.  BDO’s tax and consulting lines represent 32 percent and 10 percent of revenues respectively. 

"BDO's growth in fiscal 2014 was fueled in equal measures by organic growth (+11%), driven by an increased demand for services across all of our business lines, and our expansion strategy (+11%), which has garnered a good deal of attention over the past two years," said Wayne Berson, CEO OF BDO USA.  " Moving forward, we believe BDO USA is favorably positioned for continued growth as both public and private entities continue to be attracted to our industry focused approach."

Those who know, know… oh screw it, that joke is old.

As of the latest Accounting Today Top 100, BDO is sitting solidly at #7 below Grant Thornton. Even with a revenue increase TWICE as large as last year's, GT still boasts revenues over $1 billion (how??) so barring any huge drop for GT, don't expect BDO to overtake them for next year.

But hey, congrats anyway to BDO and all that.

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