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“Milestone” figure puts the firm in the front rank of mid-tiers, says chief executive.
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BDO Australia cracks $400m revenue in record result
07 September 2022
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BDO Australia has posted a record result of more than $400 million in revenue for 2021–22, up 15.5 per cent on the previous financial year.
BDO chief executive partner Tony Schiffmann said the figure — $403,426,678 — was an important landmark for the firm.
“Exceeding $400 million in revenue is a key milestone for us,” he said.
“It places BDO in a unique market position, well above our mid-tier competitors but without losing sight of our exceptional client service offering that has been central to our vision for many years now.”
All practice areas of the firm recorded growth, led by business advisory up 24.5 per cent. BDO said its business advisory practice had increased market share in government and public sector contracts along with an expansion in mergers and acquisitions.
The firm also said that the increase in project and infrastructure advisory, which had become a significant portion of BDO’s public sector offering, also played a factor in the firm’s strong business advisory result.
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Its other practices also grew strongly with tax up 14.5 per cent, audit up 14.1 per cent and business services 9.4 per cent.
“BDO is taking market share from competitors in key markets,” said Mr Schiffmann. “This is our strongest year of financial growth in over 10 years.”
“We’ve developed and attracted some really great talent across all levels of the organisation and their expertise and skills are resonating and reflecting the needs of our client base.”
He said the firm aspired to reach $500 million in revenue in the near future.
BDO Australia was founded in 1975 and has grown to become one of the largest in the BDO organisation with over 2,140 staff and almost 250 partners as well as offices in Sydney, Melbourne, Perth, Brisbane, Adelaide, Hobart, Cairns, and the Sunshine Coast.
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