Deloitte grows global revenues by 1.8%

Deloitte has grown its global revenues by 1.8% in 2010, as it plans to hire 250,000 professionals over the next five years.

Current revenues are $26.6bn (£17.3bn), virtually unchanged in local currency compared with a year earlier. China and India revenues have doubled and tripled respectively. The firm's headcount for professionals is approximately 170,000.

EMEA revenues fell back 3%, while US revenues increased by the same percentage. Europe's fees were $9.2bn, a 4.8% fall in local currency.

Across the business, audit declined 1%, financial advisory declined 2% and tax declined 5%.

Consulting revenues grew 15% on the previous year, while public-sector focused revenues grew 38%.

The firm also announced its "As One" global strategy, aimed at "enhancing the network’s ability to seamlessly deliver world-class services across borders, while preserving the member firm structure".

"The financial crisis has fundamentally reshaped our economic, regulatory, and business landscapes,” said Deloitte Touche Tohmatsu CEO Jim Quigley.

“Change creates opportunities for both Deloitte and our clients, and I believe that this is the right time to launch the As One strategy."

Further reading:

Deloitte revenues and profit decline