Deloitte revenues smash records

by Rose Orlik

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23 Sep 2011

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DELOITTE REVENUES have smashed records with the highest figure ever recorded by a global member network firm for the year ended 31 May 2011.

Aggregate revenues leapt 8.4% to $28.8bn (£18.6bn), with growth led by star results in developing markets across Asia Pacific and the Americas.

The revenue rise is the strongest since 2008 and global head Barry Salzberg said the results demonstrate the "strength and resilience" of the firm's business model.

Deloitte's global workforce grew 7.1% in the last year to 182,000 professionals worldwide, and the figure is expected to rise to 250,000 by 2015.

Financial advisory and consulting were the strongest service lines, expanding by 15.1% and 14.9% respectively.

"Overall, [our] strong revenue growth is a direct result of member firms' unrelenting focus on strategic priorities and excellence in client service," said Salzberg.

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