Source: Tech Market View
Full year 2023 (year ended 30th June) results from Consulting-heavy professional services firm PwC UK, have the Group growing revenue 16% to £5.8bn, with growth across all business lines. PwC’s consulting revenues continued to show strong growth comparable to the prior year, up 30% (33% in FY22) to £1.73bn. This was driven by demand in the Middle East, as clients invested in programmes to diversify their economies beyond oil. Energy diversification and sustainability is also driving UK transformation projects with the move towards net zero cited as generating demand for consulting. Revenues in the tax and audit lines rose by 19% each to £1.21bn and £1.35bn respectively.
The big SITS related announcement was PwC’s willingness to invest more than £100m in a range of emerging tech partnerships that included collaborations with Harvey (see PwC announces partnership with generative AI Harvey), Microsoft and Icertis, and ContractPodAI, alongside generative AI skills training for all staff. Cloud technologies were also cited as helping improve Audit delivery…
Read full article: https://www.techmarketview.com/ukhotviews/archive/2023/08/23/pwc-uk-up-16-as-it-invests-100m-in-emerging-tech
