Ernst & Young released a batch of new AI investments Wednesday as the firm posted global revenues that climbed to $49.4 billion thanks to strong demand for technology and tax services.
Revenue grew 14% in local currency, and the firm reported steady growth across its service lines for its 2023 fiscal year, which ended in June. The strong results cap what had been a tumultuous year for EY as top leaders tried to build consensus for spinning off its consulting and tax advisory businesses but ultimately scrapped the break-up plan in April after failing to garner support from ...