Deloitte announces revenues of US$35.2 billion has been saved
Deloitte announces revenues of US$35.2 billion
Annual Global Report highlights how Deloitte makes an impact that matters
-Global revenues of US$35.2 billion representing 7.6 percent growth in local currency terms
-More than US$200 million invested in community and societal impact initiatives around the world
23 September, 2015 – Deloitte member firms (Deloitte) today reported aggregate revenues of US$35.2 billion for the fiscal year ended 31 May 2015 (FY15), representing 7.6 percent growth in local currency terms.
“Deloitte’s strong financial performance reflects the success of our multidisciplinary model, which drives the delivery of innovative world-class audit, consulting, enterprise risk services, financial advisory and tax & legal services and creates an environment where the world’s leading practitioners thrive,” said Punit Renjen, Deloitte Touche Tohmatsu Limited (Deloitte Global) CEO. “Our growth is directly attributable to Deloitte’s professionals, who serve the world’s most important organizations with quality and distinction, making an impact that matters.”
“Deloitte in the Middle East region is actively pursuing its commitment to providing our clients with best in class professionals and services offered. This year alone more than 600 new hires joined our firm. Our multi-disciplinary approach, which we keep improving year on year, with new services continuously being added, has been in the making for close to 90 years and we continue to push the boundaries on innovative and best in class solutions to fit our clients’ needs,” said Omar Fahoum, chairman and chief executive at Deloitte Middle East.
Growth across Core Businesses, Industry Sectors and Regions
Deloitte experienced growth across all of its core practices, industry sectors and geographic regions.
Significant investments have been made across audit, consulting, enterprise risk services, financial advisory and tax & legal services to build industry-leading capabilities in areas such as business transformation, digital transformation, cyber, analytics, cloud computing and crisis management. These services enhance the impact Deloitte makes in helping clients address the complexity, uncertainty and speed of change in their business environments.
Deloitte has invested US$500 million in advancing audit quality, including investing more than US$100 million in innovation to continue to transform the audit and deliver value to the capital markets. Deloitte continues to engage constructively with regulators, elected officials, and key stakeholders in pursuit of policies to further strengthen the quality of financial reporting to the investing public and to promote trust in business and capital markets. A particular focus continues to be “the auditor of the future,” developing the skills, capabilities and mindset of current and next-generation Deloitte audit professionals.
For the fifth consecutive year, Deloitte has been recognized as the global leader in consulting services by multiple analyst organizations.
Attracting, Retaining and Developing Top Talent
Deloitte continues to be a premier career destination for talent, with its FY15 workforce growing across all regions and lines of business to over 225,000. Deloitte hired 62,000 new professionals, representing a 15 percent increase in professionals hired over the last year.
Deloitte is committed to driving positive change in the world. “More and more organizations recognize that doing good business is not just about driving profit. Organizations with a clearly defined purpose are more successful in serving clients and customers, attracting and inspiring talent, and contributing to society as a whole. Every day we challenge ourselves to identify the issues that are most important to our clients, talent and society and to work to make an impact that matters,” Renjen said.
“In the Middle East specifically, where numerous countries are currently faced with political and economic instability, Deloitte has taken numerous steps to improve the lives of those affected whilst maintaining the highest caliber of expertise for our clients. To this end, the firm strives to make an impact that matters through all its endeavors, including the creation of programs that focus on the educational skills building of the region’s youth, as well as humanitarian programs that assist those impacted by instability,” concluded Fahoum.
Annual Global Report
In conjunction with revenues, Deloitte today released its 2015 Annual Global Report, which highlights how its professionals are making an impact that matters to clients, people and society. Examples include how member firms are using cognitive and ambient computing technologies to help clients save time and money, redirect resources and improve conditions; how Deloitte Japan is helping create a network of 2,000 venture companies across Japan, contributing to post-tsunami local and national revival; and how Deloitte professionals are providing pro bono advisory skills to aid humanitarian efforts and help young people access education and employment.
Notes to editors:
The 2015 Global Report was launched on 22 September 2015 and can be accessed here: www.Deloitte.com/globalreport. The report highlights some of the best examples of how the Deloitte network is making an impact that matters for clients, their people, and society.
Nadine El Hassan
Middle East Public Relations
Deloitte & Touche (M.E.)
Tel: +961 (0) 1 748444
Fax: +961 (0) 1 748999
About Deloitte & Touche (M.E.)
Deloitte & Touche (M.E.) is a member firm of Deloitte Touche Tohmatsu Limited (DTTL) and is the first Arab professional services firm established in the Middle East region with uninterrupted presence since 1926.
Deloitte is among the region’s leading professional services firms, providing audit, tax, consulting, and financial advisory services through 26 offices in 15 countries with more than 3,000 partners, directors and staff. It is a Tier 1 Tax advisor in the GCC region since 2010 (according to the International Tax Review World Tax Rankings). It has received numerous awards in the last few years which include Best Employer in the Middle East, best consulting firm, the Middle East Training & Development Excellence Award by the Institute of Chartered Accountants in England and Wales (ICAEW), as well as the best CSR integrated organization by CSR Levant.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms.
Deloitte provides audit, consulting, financial advisory, risk management, tax and related services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries and territories, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte’s more than 220,000 professionals are committed to making an impact that matters.