Friday, November 22, 2024

Revenues at EY Ireland jump 9.5% to €772m

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EY Ireland has reported record revenues on the island of Ireland for the financial year to the end of June.

Revenues jumped 9.5% to €772 million, up from €705 the previous year.

EY Ireland’s five-year compound annual growth rate stands at 15.9%.

Globally EY reported revenues of US$51.2 billion for the full year.

The annual Transparency report published today, shows that EY Ireland reported a strong performance across all four of its service lines – Audit, Consulting, Tax & Law and Strategy & Transactions.

All of the EY Ireland offices – in Dublin, Belfast, Cork, Galway, Limerick and Waterford – reported growth in the full 2024 financial year.

The company’s headcount across the island stood at 5,196 as of the end of June.

It recruited 1,415 people across the island in the year, and said it promoted or progressed 1,804 people in this period.

“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,” said Frank O’Keeffe, Managing Partner at EY Ireland.

“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,” he added.

Mr O’Keefe said they have had a strong start to the first quarter of the new financial year, with a significant spike in client interest in its AI and data solutions.

“We expect to see this momentum across our business continue to build as we go through the year,” he said.

EY Ireland also published it annual Societal Impact report, which states that the company has a total GDP impact of €690 million.

Meanwhile, over 1,000 people have joined its graduate programme since 2022.

“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,” Mr O’Keefe said.

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