CFO: Private Companies Expect Revenue Growth to Soar


Back to
Today's News

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

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
tmulreany@monitordaily.com
Frank Battista
Advertising: 800 708 9373 x120
fbattista@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com