Australia is now ushering in the annual financial report disclosure season. Although the epidemic has dealt a serious blow to the Australian economy this year, according to the financial report data disclosed by various companies, many Australian mining companies, including BHP and Rio Tinto (RIO) ) Etc. The performance has been rising along with the rise of gold and mine prices, which has attracted the attention of market investors. Due to different external environments, the impact of the epidemic on various industries is also different. For the special industry of Australia’s “Big Four”, despite the decline in the demand for consulting services from clients due to the epidemic, except for PricewaterhouseCoopers (PwC), the revenue of the other three firms has achieved varying degrees of growth. Among them, Ernst & Young (EY) has the fastest growth rate.
Except for PwC, the other three firms have achieved varying degrees of growth, with EY having the highest growth rate. EY’s ability to maintain such a high growth rate during the epidemic was caused by many factors. In November last year, EY acquired Cadence, an economic consulting company. Three months later, it acquired Aleron to enhance its network security products. In May of this year, the acquisition of Port Jackson Partners, a strategic consulting company, doubled the size of Australia’s EY-Parthenon and its development momentum is strong.
