EY’s revenue in the Republic grew by 9.5% to €393m in past year

EY grew its revenue by 9.5 per cent to €393 million in the Republic during the year ending June 30th, 2021, the company has reported.

In addition, the group said revenue increased by 7.6 per cent growth in revenue to €425 million on the island of Ireland during the period. Globally, EY reported revenues of $40 billion during the financial year.

EY said the growth was due to a “strong performance” across all four of its service lines: assurance, consulting, tax and strategy and transactions. More than 1,000 people joined EY during the year, bringing total headcount at June 30th, 2021, to more than 3,400 across Ireland.

Some 900 people were promoted or progressed in the same period. Thirteen new equity partners were also announced on July 1st, bringing the total number of partners in EY across Ireland to 103.

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‘Resilience’

Frank O’Keeffe, managing partner of EY Ireland, said the firm had “ displayed incredible resilience during what was a challenging year and our clients continued to turn to us to help them solve some of their most complex issues”.

“This, combined with our investment to embed a culture of innovation and transformation in our business, has allowed us to continue to grow across all areas of our business,” he said.

Mr O’Keeffe said the group continues to “invest heavily” in its core business areas of tax, audit and consulting as well as strategy and transactions while also focusing “significant investment” in its new areas of client service.

These include technology, analytics, cyber security, workforce and organisation design and planning, change management, transaction diligence, law, sustainability, strategy, valuations, modelling and economics.

“Our strong performance across each of our business areas put us in a position recently to be able to announce our plans to create over 800 jobs across our business before the end of our current financial year – that is up to the end of June 2022.”

Colin Ryan, EY Ireland’s financial services leader, said the group’s specialist financial services business had made “material investments in high-demand skillsets and expertise including customer experience, finance transformation, regulation, technology-enabled transformation, ESG and analytics” to enhance its services to clients.