After what it described as “another year of market-leading growth”, EY Ireland says its five-year compound growth rate stands at 15.9pc.
The company now employs 5,196 people across the island, which is up 52pc in three years. The workforce includes 102 different nationalities working across all areas of the business.
“EY recruited 1,415 people across the island in FY24 and we promoted or progressed 1,804 people in this period,” it said.
The company had reported revenues of €705m for its 2023 financial year. Globally, EY is reporting revenues of $51.2bn (€47.38bn) in the current financial year.
“With the publication today of EY Ireland’s annual transparency report the firm reported a strong performance in FY24 across all four of its service lines – audit, consulting, tax & law and strategy & transactions – despite a more challenging trading environment,” it said.
All its Irish offices – in Dublin, Belfast, Cork, Waterford, Limerick and Galway – reported growth.
Frank O’Keeffe, the managing partner of EY Ireland, said the performance underscored its position as the largest and fastest growing professional services firm in Ireland.
In what he said was “a more challenging market this past year”, EY Ireland had made long-term investments in talent and technology. It had delivered a strong performance across all four of its service lines thanks to growing client demand and to the work of its teams.
“Today we are leading our clients through an extremely complex, rapidly evolving AI and technology-driven era as we help to shape their futures with confidence,” Mr O’Keeffe said.
“We are equally pleased to have had a strong start to the first quarter of our new financial year, with relatively strong corporate finance activity in particular as well as a significant spike in client interest in our AI and data solutions, amongst other areas. We expect to see this momentum across our business continue to build as we go through the year.”
In a “societal impact” report it also launches today, EY Ireland says it had a total GDP impact of €690m, while over 1,000 people have joined its graduate programme since 2022.
EY Ireland says it spent €6m on learning and development in Ireland, which represented almost 45 training hours per employee.
It says that through its Entrepreneur of the Year programme, it supported over 650 alumni, and its finalists this year had generated over €700m in revenue while employing over 4,000 people.