BDO USA, LLP REPORTS RECORD REVENUE OF $1.64 BILLION IN FISCAL 2019
19 September 2019
Berson Leads Firm to Seven Consecutive Years of Growth With Revenues More Than Doubling
BDO USA, LLP, one of the nation's leading accounting and advisory firms, today announced revenue of $1.64 billion – representing a year-over-year increase of 11.8% – for the fiscal year ended June 30, 2019. This is the seventh consecutive year of growth for the firm under Wayne Berson’s leadership. BDO partners re-elected Berson for a third term as chief executive officer, a position he will hold through June 30, 2024.
“Wayne and his leadership team have brought our firm incredible success over the past seven years,” said Bill Eisig, chairman of the board of directors of BDO USA.
Since becoming CEO in 2012, Berson and his leadership team have guided BDO from annual revenues of $618 million to $1.64 billion by expanding service offerings, implementing a robust growth strategy and opening offices in an additional 24 cities. BDO’s record growth in FY19 was achieved across all business lines, most notably from advisory, which saw revenue growth of nearly 40%, while tax (+8.4%) and assurance (+4.3%) also achieved strong growth.
“We’ve built a strong reputation for consistently delivering innovative, high-caliber solutions for our clients with exceptionally talented people,” said Wayne Berson, CEO of BDO USA.
The firm’s assurance, tax and advisory business lines represent 46%, 33% and 21% of revenues, respectively.
More information: https://www.bdo.com/news/2019-september/bdo-usa,-llp-reports-record-revenue-of-$1-64-billi