If there had to be two words to describe our business in 2016 it would be agile + disruption and this is not just because we moved our two largest offices into #newdigs.
Our office moves, after years of planning were highly anticipated. They did not disappoint. Despite some trepidation, no offices and no set working space, the flexibility and freedom of work style was soon embraced. Sitting at my desk (and if you are wondering, it is not always the same one) I realise how important this physical disruption has been in improving the working experience of our people and our clients. These office moves facilitated the building of our first Innovation Lab and Insights Centre in Sydney with plans for further pop up Labs and a second Insight centre in Melbourne. These provide new capability to explore disruption in all its forms with our clients.
In August we announced a revenue increase of 13 percent to $1.37 billion for the full year to 30 June 2016. The strong top and bottom line results were driven by growth across all divisions – including out-performance from Management Consulting, Audit & Assurance and Enterprise businesses. This was very good news for the firm and reinforces our growth and investment strategy.
Our investment program saw two acquisitions completed during the year including specialist Indigenous consultancy, Arrilla and technology consultancy Markets IT. With the acquisition of Arilla we welcomed our first Indigenous partner, Shelley Reys AO.
This year, KPMG continued to challenge the market with commentary on both business and social issues. Two publications stand out. The primary message of Solving the structural deficit was about responsibility: the obligation not to borrow from the future and leave younger generations a legacy of debt. Igniting the Indigenous Economy brought together prominent Indigenous thinkers with KPMG specialists with tangible recommendations for economic development focused on the important contribution Indigenous peoples make to Australia’s prosperity.
A personal challenge this year has been my first twitter account, @gary_wingrove. I don’t profess to be an avid user of social media but realise the importance twitter plays in the way many people tune in to business news.
And because recognition is always pleasurable, this year we topped the LinkedIn Top Attractors list as the best in Australia in attracting and keeping top talent.
I wish you all a very happy holiday and an innovative and prosperous 2017.
Gary WIngrove, CEO