CFO reports, according to a survey conducted by PricewaterhouseCoopers between January and April, private companies are expecting revenue growth to soar far past that of gross domestic product (GDP) and are in a hiring mode not seen since pre-recession days.
CFO said while various GDP forecasts for the U.S. call for 2014 growth of less than 3%, the average predicted revenue gain for the next 12 months, among 213 private companies surveyed was 8.5%.
CFO notes that 63% of the participating companies, whose annual revenue averaged $368 million, anticipated growing their head count. That was 11 percentage points higher than a year ago and the highest percentage reported in PwC’s quarterly Trendsetter Barometer in years.
To view the full CFO.com report click here.
No tags available
In the latest variation on “April Fool,” the Hague Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary will become effective in the U.S. on April 1, 2017. In one of its parting... read more
Confidence in the equipment finance industry has been elevated to start 2017. In January, the Equipment Leasing and Finance Foundation’s Monthly Confidence Index reached an all-time high of 73.4. Although that number retreated to 72.2 in February, it is still... read more