EY reports 31% surge in revenue to €705m for island of Ireland operation

Adelaide Exchange, one of EY's two main bases in Belfast, headed by Rob Heron (inset).
Adelaide Exchange, one of EY's two main bases in Belfast, headed by Rob Heron (inset).

PROFESSIONAL services giant EY has reported a 31% increase in annual revenue for its island of Ireland operation.

The group, formerly known as Ernst and Young, said its revenues rose from €536 million (£466m) in 2022 to €705m (£613m) for the year ending June 30 2023.

EY Ireland saw its workforce on the island increase 19% to 5,035 people over the same period, the equivalent of 827 net new jobs.

It comes just weeks after the professional services giant announced plans to create 1,000 jobs within its Belfast operation, which is expected to take its northern headcount to 1,900 within five years.

The group said all EY Ireland offices – in Dublin, Belfast, Cork, Galway, Limerick and Waterford – reported strong growth in the 2023 financial year across both financial services and non-financial services sectors.

Rob Heron, EY Northern Ireland managing partner, said: “In our most recent financial year we launched or expanded new businesses including EY Parthenon and EY Carbon, and we acquired leading enterprise technology firm Client Solutions.

“Most recently we have launched EY.AI, a platform bringing together human capabilities and artificial intelligence following a $1.5 billion global investment.

“Here in Northern Ireland, in September we announced a thousand new jobs in the region over the next five years, in response to increased demand across all our business areas,” he continued

“We’re aiming to more than double our headcount to 1,900 in the years ahead and to establish a hub in the North West to attract talent from across the region in a diverse range of skillsets and specialisms.”