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KPMG 1991 REVENUES REACH $6 BILLION

 KPMG 1991 REVENUES REACH $6 BILLION
 NEW YORK, Dec. 23 /PRNewswire/ -- KPMG, the international accounting


and consulting firm, today announced revenues of $6 billion for the fiscal year ended Sept. 30, 1991, up 12 percent over the prior year.
 The world's largest professional services firm posted the strongest gains in Europe and Asia/Pacific where revenues grew 21 and 24 percent, respectively. "This has been a year of steady growth on a worldwide basis, despite recessionary pressures in some countries," said Jim Butler, KPMG chairman. "I am particularly pleased to see the continuing solid performance of our audit and tax practices. However, our emphasis will increasingly focus on providing integrated services to specific international industry sectors in which we have a leading position, such as financial services, insurance and high technology where our market share is second to none."
 Worldwide, revenues from audit services increased 13 percent to $3 billion and tax services revenues increased 15 percent to $1.2 billion. Consolidated management consulting revenues were $800 million, and combined fee income from corporate finance, corporate recovery and insolvency activities were $1 billion.
 Revenues were $2.2 billion for North America, down 2 percent, and $77 million for Latin America, up 18 percent. In the United States, KPMG Peat Marwick posted revenues of $1.813 billion, compared with $1.827 billion in the prior year.
 "We took a number of steps this year to deal with the radically changing business environment," said Jon C. Madonna, chairman and chief executive of KPMG Peat Marwick. "We believe these measures will position us well in the future. We have examined our marketplace closely to learn where clients have the greatest needs for value-added services and where we can put our resources and industry-specific experience to best advantage."
 Through 135 offices in the United States, KPMG Peat Marwick provides industry-specific professional services to a broad range of businesses, including banks, thrifts, insurance, mutual funds and investment banks, high technology, manufacturing and health care companies, as well as government, education and other not-for-profit institutions. KPMG has more than 76,000 people worldwide and operates in 125 countries.
 Fees
 (US$ in millions)
 Geographic Breakdown: 1991 1990 Incr.(Decr.)
 Africa 65.9 54.5 20.5
 Asia/Pacific 524.0 423.5 23.7
 Europe 3,081.1 2,502.3 23.1
 Middle East 13.1 12.8 2.3
 North America 2,249.6 2,305.3 (2.5)
 Latin America 77.3 65.1 18.7
 Total 6,011.0 5,363.5 12.0
 -0- 12/23/91
 /CONTACT: John A. Higgins, 212-909-5576, or Barbara A. Kraft, 201-307-7286, both of KPMG/ CO: KPMG Peat Marwick ST: New York IN: FIN SU: ACC


KD-JT -- NY047 -- 4849 12/23/91 12:55 EST
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Date:Dec 23, 1991
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