Deloitte announces record revenues of $34.2 billion
The fifth consecutive year of growth for Deloitte member firms reflects Deloitte’s continued leadership for clients, our people, and the world - providing high quality services, industry-leading capability, and innovative solutions.
Deloitte Touche Tohmatsu Limited (DTTL) member firms have recorded combined revenues of US $34.2 billion for the fiscal year ending 31 May 2014. The revenues represent a growth of 5.7% (U.S. dollars) in what is Deloittes’ fifth consecutive year of growth.
Growth was led by Consulting (10.3%), followed by Tax & Legal (7.7%). Financial Advisory and Enterprise Risk Services displayed strong growth with 6.8% and 4.2%, respectively. Audit experienced growth of 2.5%, reflecting growth even after taking into account the network’s significant investment in quality around its audit service.
“By repeatedly forging new ground, Deloitte continues to stay ahead of the considerable disruption facing clients, our people, and the society in which we operate,” said Barry Salzberg, Deloitte Touche Tohmatsu Limited CEO. “Member firms remain sharply focused on their unique ability to address the specific needs of their clients through distinctive breadth of skills, deep industry knowledge and strategic investments, while bolstering trust in the marketplace, hiring and developing the best talent, and delivering value to society.”
Highlights for FY2014 include:
- Europe, Middle East, and Africa (EMEA) member firms growth stands at 5.8%, with the combined revenues for the sub region of Africa increasing by an impressive 17.6%.
- Americas member firms led regional growth with an aggregate 7.5% with the strongest growth occurred in Spanish-speaking Latin America or LATCO (14.1%) and Brazil (10.6%).
- Asia Pacific member firms experienced combined growth of 4.9%, up from 3.1% in FY13. Japan was a key contributor to regional results at 5.1% growth, and India and New Zealand both grew in the double digits.
- In terms of the Industries, Life Sciences & Health Care led by posting growth of 17.4%, followed by the Public Sector, which grew by 11.9%. Additionally, Technology, Media & Telecommunications (TMT) grew by 9.1%, and Financial Services also posted strong growth at 5.9%.
Commitment to society
In 2014, nearly US $190 million was invested in societal impact initiatives and over 940,000 volunteer and pro bono hours in communities around the world.
“Deloitte professionals deliver outstanding value to clients and give back to the communities they live in, and we’re committed to investing in their development as leaders. That is why we continue to expand the deployment of the Deloitte University curriculum around the globe,” says Barry. “These investments help to enrich careers, generate thought leadership, and ultimately deliver the services and solutions clients value most.”
For more, please visit www.deloitte.com/2014globalrevenue.