EY Ireland has reported a 9.5% rise in revenue during its latest financial year.
Revenues for the island of Ireland for the year ending in June 2024 increased to €772m from €705m for the previous financial year.
EY Ireland’s five-year compound annual growth rate stands at 15.9% while globally EY reported revenues of $51.2bn in FY24.
EY Ireland’s annual Transparency report shows the firm doing well across all four of its service lines – Audit, Consulting, Tax & Law and Strategy & Transactions – despite what the company described as “a more challenging trading environment”.
The company said all of the EY Ireland offices – in Dublin, Belfast, Cork, Galway, Limerick and Waterford – reported growth in FY24.
EY Ireland’s headcount across the island stood at 5,196 as at 30 June 2024. EY recruited 1,415 people across the island in FY24 and promoted or progressed 1,804 people in this period.
Commenting on the financial results, Frank O’Keeffe, managing partner at EY Ireland said: “I am very pleased that EY Ireland has delivered strong growth once again in this our most recent financial year to 30 June 2024.
“This market leading performance further underscores our position as the largest and fastest growing professional services firm on the island of Ireland.
“In a more challenging market this past year, we maintained our steadfast focus on our clients, our people and on the communities that we have the privilege to serve.
“We also made long-term investments in talent and technology which we know will position us well for the future enabling us to further support our clients most strategic challenges and opportunities.
“In this our latest financial year, we delivered a strong performance across all four of our service lines – Tax & Law, Audit, Consulting and Strategy & Transactions – thanks to growing client demand and to the work of our world class EY 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.
“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.”
The company also published its annual Societal Impact report setting out how it is trying to create long-term value for stakeholders such as clients, staff, suppliers and communities.
The report showed:
- EY Ireland has a total GDP impact of €690m
- 1000+ people have joined our graduate programme since 2022
- They spent €6m on Learning & Development in FY24 across the island of Ireland (44.9 training hours per EY Ireland employee)
- The company’s long running Entrepreneur of the Year programme supports 650+ alumni with our 2024 EOY finalists generating over €700m in revenue, employing 4,000+ people
O’Keeffe added: “In EY we believe that diversity brings strength and I’m incredibly proud that we have 102 different nationalities in EY Ireland who are delivering long term value every day for our clients, our business and the communities where we live and work.”
Photo: EY Managing Partner Frank O’Keeffe. (Pic: Supplied)