PricewaterhouseCoopers* Posts FY2009 Global Revenues of US$26.2 Billion

PricewaterhouseCoopers / 

06.10.2009 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this
announcement.

---------------------------------------------------------------------------

PricewaterhouseCoopers* Posts FY2009 Global Revenues of US$26.2 Billion   
        Total Revenues Rise At Constant Exchange Rate        Results
Demonstrate Resilience of PwC Member Firms   Competitive Pricing Helps to
Grow Market Share in Many Markets Asia, South and Central America, Middle
East and Africa Perform Well                           in Tough EconomyNEW
YORK, Oct. 6, 2009 (GLOBE NEWSWIRE) -- PricewaterhouseCoopers
todaydisclosed that total gross revenues from operations for its worldwide
networkof member firms rose marginally at constant exchange rates for the
fiscal yearended 30 June 2009, a resilient performance in consistently
tough economiccircumstances. However, adjusted for foreign exchange
fluctuations,particularly the strengthening of the U.S. dollar, PwC's
FY2009 networkrevenues were US$26.2 billion, a decline of 7.1 per cent
from the previous12-month period. Revenues continued to grow for PwC's
core Assurance services, where revenues ofUS$13.1 billion were up by 2 per
cent despite the impact of the recession,reflecting both the
market-leading strength of the business and its continuedfocus on improved
customer service and very competitive pricing. Tax revenues remained
steady at US$6.9 billion. Growth in revenues from thisarea was impacted by
the worldwide decline in corporate deals and restructuringwork. Given the
cyclical nature of its business, PwC's Advisory operations werehardest hit
by the recession. However in the circumstances they continued tohold up
well with revenues of US$6.1 billion, down by 3 per cent. This fall
inrevenues was driven by the sharp drop off in transactions and initial
publicofferings, as well as by cuts in discretionary spending by clients.
The dropwas partially offset by a rise in restructuring work. 'The past 12
months have been challenging for our network, with most PwC memberfirms
facing tough economic conditions. While PwC's results for FY 2009 are
notas good as we would have liked, they have held up well in the
circumstances,'said PwC Global Chairman Dennis M. Nally. 'In addition the
combination of firstrate customer service and very competitive pricing has
allowed us to increaseour market share in many of our markets around the
world. 'The ability of so many PwC member firms to successfully sustain
their businessand their people through this difficult period provides us
with a strongplatform from which to serve clients in the recovery and to
continue to investin our own growth. While we cut our costs substantially,
the PwC network alsohired about 30,000 new people and increased its total
workforce to more than163,000 demonstrating a commitment to attracting the
right people to serveclients around the world.' 'PricewaterhouseCoopers
continues to have the best and strongest network tohelp clients succeed.
We see opportunities emerging in the recovery inindustries such as
healthcare, financial services and infrastructure, and weare prepared to
help clients capitalise on them by anticipating their needs andproviding a
quality of service that sets us apart. Our strategy is to excel inevery
marketplace in which we compete by delivering a distinctive PwCExperience
to our clients and to our own people.' PwC member firms in some regions of
the world were less affected by theslumping global economy than others.
There were continuing strong results fromSouth and Central America, which
saw revenues increase by 13.3 per cent, whilethe Middle East and Africa
produced revenue growth of 9.1 per cent. Asia sawrevenues grow by 5.4 per
cent, lower growth than last year, but a continuingindication of the
growing contribution of PwC's member firms in Asia to thenetwork. However,
revenues from PwC member firms in Central and Eastern Europe,North America
and Western Europe declined. Revenue growth was high in a number of PwC
member firms around the world, withparticularly good results in Japan,
Russia, Spain, Sweden and Canada. 'Theability of those firms and others
across the PwC network to sustain theiroperations without major cutbacks
in personnel confirms PwC's rank as thestrongest professional services
organisation, well positioned and poised tocapitalise on opportunities
presented in the coming turnaround,' added MrNally.  Notes to editors:
Global Gross Revenues Year ended June 2009
---------------------------------------------------------------------
Geographic Revenues                            FY08 at FY08      Variances
- fav/(unfav)                  Actual     ex. Rates      v FY08 at       v
FY08 at                    $m          $m           FY09 ex.        FY08
ex. --------------------------------------------------------------------- 
Asia             2,627      2,601           5.4%            1.0%
--------------------------------------------------------------------- 
Australasia   and Pacific     1,176      1,366           1.4%         
-13.9%
--------------------------------------------------------------------- 
Central and   Eastern   Europe            778        861          -3.8%   
       -9.7%
--------------------------------------------------------------------- 
Western   Europe         11,155     12,619          -0.8%          -11.6%
--------------------------------------------------------------------- 
Middle East   and Africa        704        715            9.1%         
-1.5%
--------------------------------------------------------------------- 
North America   and   Caribbean       9,032      9,332           -1.2%    
    - 3.2%
--------------------------------------------------------------------- 
South and   Central   America           699        691           13.3%    
      1.3%
--------------------------------------------------------------------- 
Total           26,171     28,185            0.2%          -7.1%
--------------------------------------------------------------------- Line
of Service Revenues                            FY08 at FY08     Variances
- fav/(unfav)                  Actual     ex. Rates      v FY08 at       v
FY08 at                    $m          $m           FY09 ex.        FY08
ex. --------------------------------------------------------------------- 
Assurance       13,143     13,808            2.0%          -4.8%
--------------------------------------------------------------------- 
Advisory         6,110      6,899           -2.9%         -11.4%
---------------------------------------------------------------------  Tax
             6,918      7,478           -0.3%          -7.5%
--------------------------------------------------------------------- 
Total           26,171     28,185            0.2%          -7.1%
---------------------------------------------------------------------FY09
revenues are expressed in U.S. dollars at average FY09 exchange rates.FY08
revenues are shown at average FY08 exchange rates for
continuingoperations. Gross revenues are inclusive of expenses billed to
clients. Fiscalyear ends 30 June. PricewaterhouseCoopers (www.pwc.com)
provides industry-focused assurance, taxand advisory services to build
public trust and enhance value for our clientsand their stakeholders. More
than 163,000 people in 151 countries across ournetwork share their
thinking, experience and solutions to develop freshperspectives and
practical advice. * PricewaterhouseCoopers and PwC refer to the network of
member firms ofPricewaterhouseCoopers International Limited (PwCIL). Each
member firm is aseparate legal entity and does not act as agent of PwCIL
or any other memberfirm. PwCIL does not provide any services to clients.
PwCIL is not responsibleor liable for the acts or omissions of any of its
member firms nor can itcontrol the exercise of their professional judgment
or bind them in any way. Nomember firm is responsible or liable for the
acts or omissions of any othermember firm nor can it control the exercise
of another member firm'sprofessional judgment or bind another member firm
or PwCIL in any way. CONTACT:  PricewaterhouseCoopers LLP          Mike
Davies            +44 20 7804 2378              mike.davies@uk.pwc.com    
     Mike Ascolese            +1 646 471 8106            
mike.ascolese@us.pwc.com
News Source: NASDAQ OMX



06.10.2009  Financial News transmitted by DGAP

---------------------------------------------------------------------------
 
Language:     English
Company:      PricewaterhouseCoopers
              
               
              United States
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         US9900589196
WKN:          
 
End of News                                     DGAP News-Service
 
---------------------------------------------------------------------------