BDO reports nearly 25% revenue growth
BDO USA, LLP, one of the nation’s largest accounting and consulting firms, reported revenue of $2,490,400,000 for the 12-month period ending April 30, 2022. This represents an increase of nearly 25% revenue growth over the prior year and a decade of consecutive year-over-year growth for the company under CEO Wayne Berson. Every practice recorded gains, with consulting, tax and insurance seeing their revenues increase by 34.6%, 26.8% and 16.3% respectively.
“It’s been an exciting and meaningful decade of building a purpose-driven business, growing and delivering value to our customers while working towards a better future for our people and our communities – and we’re just getting started,” said Berson. “As a company, we look forward to the next ten years and beyond, continuing to invest in building a truly sustainable company worthy of the next generation.”
With the additions of Lowery Asset Consulting, LLC in October and Culbert Healthcare Solutions in December – and inducting the largest class of partners in company history – BDO continued to grow in size and in its service offerings. . In addition to the continued deliberate exploration of expansion opportunities, the company sought to strengthen its own culture and operations, with two significant corporate investment milestones occurring during the year.
In January, BDO announced the appointment of a Head of ESG Strategy and Services, launching a dedicated Center of Excellence staffed by professionals capable of addressing ESG-related needs both within the company and for its stakeholders. clients. In April, the company announced the appointment of its first Director of Diversity, Equity and Inclusion (DEI) and released its first DEI Transparency Report. Through these investments, the company seeks to continuously cultivate an environment that is committed to the well-being of all its stakeholders, an environment that actively aligns with BDO’s primary purpose of helping people thrive on a daily basis.
“Wayne and the entire BDO USA management team identified and integrated the services that made BDO the leading advisor for the middle market. In addition to excelling in the traditional fundamentals of our business to drive sustainable growth, BDO is taking thoughtful steps to protect our resources and improve our society,” said Kelly Johnson, Chairman of the Board of BDO USA. “I couldn’t be more excited about the future of our firm and what it means for our clients, our employees and our communities.”
BDO’s growth can be attributed to its commitment to its strategic plan coupled with continued investment and stewardship. The focus on DEI and ESG – both as core business strategies – are examples of how the company continually reviews and updates its strategic priorities. “We’ve laid an incredible foundation to achieve remarkable impact,” Berson said. “The time has come to act in our company. Through our collective efforts, we can achieve the change needed to address the most pressing challenges for our business, our industry and our society.