• Americas, Middle East, Africa show strong growth
• Revenues up in Europe despite economic uncertainty
• 20,000 graduates recruited, total workforce climbs over 180,000

PwC, the world's leading professional services network, reported record total gross revenues for the fiscal year ended 30 June 2012 of US$31.5 billion. At constant exchange rates, PwC's total global revenues rose by 8%.

PwC firms reported particularly strong revenue increases of 13% in both North America and South America. This sustained growth follows a similarly strong performance last year and consolidates PwC’s market position in the region.

Revenue growth in developing markets of the Middle East and Africa was also strong - up 15% - reflecting the commitment and increased investment in the region by the PwC network. PwC firms in Asia continued to grow well with FY 2012 revenues up 8%.

The PwC network's aggregate revenues also increased in Europe, despite the impact on growth of the uncertain outlook for the Eurozone. PwC firms reported revenue growth of 4% in Western Europe and 8% in Central and Eastern Europe, both higher growth rates than in the previous year.

Overall, PwC firms enjoyed underlying revenue growth in all its major markets around the world both developed and developing. Revenues from developing markets now account for 20% of PwC's aggregate global revenues. They are expected to reach 40% by 2017.

In addition to boosting revenues, PwC also continued its focus on recruiting talented people and investing in the training and development of its workforce. In FY 2012 PwC firms recruited a record 20,500 graduates, making PwC one of the largest graduate recruiters around the world. PwC firms plan to recruit and train an even larger number of graduates in the year ahead.

In total, PwC expanded its workforce by 7% in FY 2012, taking the total number of people to over 180,000 for the first time.

"PwC's ability to increase revenues in all key markets in a challenging economic climate is testament to the trust that clients have in the quality of PwC work, the talent of our people and the strength of the PwC network," said Dennis M. Nally, Chairman of PricewaterhouseCoopers International Ltd.

"We are in the midst of a global economic rebalancing. Economic growth in the developing markets will continue to outpace expansion in the more established economies. That shift heightens the ongoing need to attract talented, skilled people and make sure they are located where our clients require them. We are committed to making the investments to recruit and retain the best people and to focus on consistently providing the highest quality services."