EY Ireland's FY18 Peformance
November 2018: EY announces fee income growth of 28% in the Republic of Ireland (‘ROI’) to €316 million for financial year to 30 June 2018 (‘FY18’), up from €247 million in FY17, with 14% growth in headcount to 2,245 employees for the same period. Globally, EY reported annual revenues of US$34.8 billion for FY18, a 7.4% increase over financial year 2017 revenues in local currency.
For the fifth consecutive year, EY reports double-digit growth, with strong performance across all four service lines: Assurance, Consultancy, Tax and Transaction Advisory Services. EY also announced 520 new jobs earlier this year, as the firm continues to invest heavily in talent, technology and real estate to cater for future growth and the expanding needs of its clients.
Frank O'Keefe, Country Managing Partner, EY Ireland commented: "We are redefining how we use technology across both our traditional and new services. We made a number of key hires in emerging technology in Ireland in FY18, building on the strength of our now 130-strong data analytics and technology team. As part of our innovation drive, we will continue to focus on areas like financial services, cyber, risk management, managed services, software, digital tax and digital audit, and we anticipate a significant increase in the number of people we employ in these areas in Ireland over the next two years.”
Attracting and developing talent
As of the end of September 2018, EY employs 2,803 people across the island of Ireland, including a recent intake of 305 graduates, representing an 18% increase in headcount since this time last year. In addition, FY18 saw the appointment of 10 new Partners. To accommodate this growth in headcount, EY continues to invest in work spaces, opening three refurbished offices this year in Cork, Waterford and Galway.