Home > Ireland > 62% of Irish businesses expect to grow revenues more than 5% in 2016

62% of Irish businesses expect to grow revenues more than 5% in 2016

Written by Robert McHugh, on 9th Dec 2015. Posted in Ireland

article headline

Nearly two-thirds of Irish business leaders confirm that their revenue will grow more than 5% in the year ahead and a similar proportion expect to increase headcount.
 
This is according to the latest PwC's Business Barometer Survey carried out at its recent 2015 Business Forum attended by over 600 Irish business leaders.

According to the research, the top business priority is revenue growth (45%), followed by improving profitability (35%). 
 
Interestingly, 40% of respondents revealed that their organisation has experienced a cyber attack in the last year. 
 
PwC Assurance Leader, Enda McDonagh said, "Business disruption is nothing new. Entrepreneurs and business innovators have always focused on gaining competitive advantage by challenging existing business models and looking for smarter and more agile ways to go to market.

"What is new though is that digital technologies have increased the pace and the potential for new entrants to disrupt business models across multiple industries. 

He added, "Over half of Ireland's business leaders are saying that their business is already experiencing significant digital disruption and our research at PwC suggests that this is only likely to increase. We see a real opportunity for Irish companies that embed digital into their overall strategy to drive growth and deliver increased customer value and experience."

Source: www.businessworld.ie 

More articles from Ireland

image Description

Irish households more positive about the economy

Read more
image Description

Irish wage growth highest in over a decade

Read more
image Description

Irish border and fisheries are key battlelines in brexit talks

Read more
image Description

Ireland cautions against travel to coronavirus-hit areas of Italy

Read more
image Description

Boris Johnson wants to evade Irish Sea checks on goods

Read more