PricewaterhouseCoopers L.L.P. recorded US revenues of $7.5 billion for the fiscal year-ended June 30, 2007. PwC provides industry-focused and private company assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders.
Consolidated US Revenues for the Year Ended June 30, 2007 ($ millions):
| | 2007 | 2006 | Change |
| Net Revenues | $ 7,464 | $ 6,922 | 7.8% |
| Lines of Service | |
| Assurance | 4,381 | 4,131 | 6.1% |
| Tax | 2,059 | 1,803 | 14.2% |
| Advisory | 1,024 | 988 | 3.6% |
Personnel as of June 30, 2007:
| | 2007 | 2006 | Change |
| Partners | 2,151 | 2,069 | 4.0% |
| Staff | 29,480 | 28,007 | 5.3% |
| |
| Total | 31,631 | 30,076 | 5.2% |
Assurance (comprised of our Attest, Transaction Services, System Process Assurance, and Assurance Private Company Services practices) recorded revenues of approximately $4.4 billion. Continuing strong demand for public and private company audit work and increased activity in the mergers, acquisitions and IPO markets were the primary drivers of revenues.
Tax (comprised of Tax Consulting, Tax Compliance, Washington National Tax Services, Global Human Resource Services, International Assignment Services and Private Company Services practices) recorded revenues of approximately $2.0 billion. Revenue growth resulted from strong demand for both specialty and compliance Tax services, as companies work to comply with both financial accounting and revenue authority expectations.
Advisory (comprised of Performance Improvement, Crisis Management, Internal Audit Services, Health Industries and Washington Federal Practice) recorded revenues of $1.024 billion. Revenues were driven by globalization, an increase in mergers and acquisitions in many sectors, a continuing need for risk management, compliance, internal controls and change management across industries.
