Everyone's favorite tattoo parlor, Grant Thornton, has announced its revenues for the fiscal year ended, July 31, 2012 and things went pret-tay, pret-tay, pret-tay good. The $1.212 billion was so good, in fact, that it was a record for the firm and CEO Stephen Chipman says everything is going to plan:
Grant Thornton’s strategy is taking hold. The firm’s focus on dynamic organizations — largely mid-sized firms raising capital and looking to grow into new markets — has allowed us to create momentum with a client set that increasingly demands not only the highest quality service, but services tailored to the specific needs of their business,” said Stephen Chipman, chief executive officer of Grant Thornton LLP. “Our business model, in particular our industry program, allowed us to not only weather an uncertain economic environment but to thrive.”
Smashing news. But what does this mean (besides ball holders for one and all) for the Purple Rose of Chicago? Expansion!
Looking ahead, Grant Thornton will open its first shared services center in Bangalore, India, in January, creating new operational scale for the firm. Initially, the new center will support tax compliance work.
According to Chipman, “As part of a cohesive global organization of member firms with 33,0000 people in more than 100 countries, all sharing a common market and brand focus, Grant Thornton is increasingly distinct in our ability to serve clients that are growing their international operations. “We are poised for continued growth, which will allow us to continue to serve our dynamic clients’ evolving needs through talented professionals who provide quality service and an exceptional client experience.”