Strong demand for management consultancy helped KPMG pull in $1.64 billion in Australia last year

KPMG’s new Sydney offices. Image: Supplied.
  • KPMG Australia posted a 9.2% rise in revenue to $1.64 billion in the year to June.
  • The professional services firm has structured for whole-of-firm offerings and delivery of technology-enabled solutions.
  • Demand is high for data-driven technologies, including AI, IoT and blockchain.

A fast growing management consulting business, and demand for data-driven technologies, helped KPMG Australia lift revenue by 9.2% to $1.64 billion in the 2018 financial year.

The professional services company, with 7000 people employees, reported demand for customer experience, business transformation, and people/culture advisory services.

A healthy transaction environment drove expansion across the firm’s Deal Advisory business. KPMG’s Law practice also recorded strong growth. The firm’s mid-market Enterprise business also had a significant year, realising gains from investment.

The Tax practice saw demand for Controversy, International Tax, Board Advisory and Tax Transformation services.

Gary Wingrove, CEO of KPMG Australia says the firm’s structure has been aligned for whole-of-firm offerings and delivery of technology-enabled solutions.

“Clients are trying to drive growth against a backdrop of threats and challenges — with leaders being measured on their ability to deliver on transformation,” he says.

“Aligning ways of working, front to back technology integration, and culture are among some of the most critical elements to get right in order to deliver consistently on the digital promise our clients are making to their customers and citizens.”

Wingrove says client appetite for innovation and data-driven technologies, including AI, IoT and blockchain, is increasing unabated.

“There has been a real shift in the marketplace from experimentation to implementation, driving significant demand for these services,” he says.

“Our focus on delivering these solutions to our clients is seeing strong growth. In addition to doubling in revenue in FY18 we have a strong pipeline of demand for finance, risk and tax services delivered under a managed service arrangement.”

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