EY reports revenues of €316 million for 2018

Business | Fri 2 Nov | Author – Business & Finance

Company announces fee income growth to €316 million in Republic of Ireland with 520 new jobs announced earlier in the year

EY announced fee income growth of 28% in the Republic of Ireland  to €316 million for financial year to 30 June 2018, up from €247 million in 2017, with 14% growth in headcount to 2,245 employees in ROI for the same period. Globally, EY reported annual revenues of US$34.8 billion for Financial Year 2018, a 7.4% increase over financial year 2017 revenues in local currency.

For the fifth consecutive year, EY reports double-digit growth, with strong performance across all four service lines: Assurance, Consultancy, Tax and Transaction Advisory Services.  EY also announced 520 new jobs earlier this year, as the firm continues to invest heavily in talent, technology and real estate to cater for future growth and the expanding needs of its clients.

Managing Partner of EY Ireland Frank O’Keeffe said: “We are redefining how we use technology across both our traditional and new services. We made a number of key hires in emerging technology in Ireland in FY18, building on the strength of our now 130-strong data analytics and technology team. As part of our innovation drive, we will continue to focus on areas like financial services, cyber, risk management, managed services, software, digital tax and digital audit, and we anticipate a significant increase in the number of people we employ in these areas in Ireland over the next two years.”

EY reports employee growth across island of Ireland

As of the end of September 2018, EY employs 2,803 people across the island of Ireland, including a recent intake of 305 graduates, representing an 18% increase in headcount since this time last year. In addition, FY18 saw the appointment of 10 new Partners.

Frank O’Keeffe concluded: “We’re also investing in upskilling our people to meet the changing demands of our clients. Talent is one of our biggest priorities, and I would say talent is possibly the number one issue on the majority of CEOs’ minds today. We are very proud of the inclusive culture we’ve built at EY.  However, it is crucial that we remain relentlessly focused on building on this culture as client demands evolve and we bring together the best talent and latest technology to drive truly transformative innovation in all our services.  Our purpose of Building a Better Working World has helped us along that path, as we deliver exceptional service to our clients and value to our people.”