Deloitte announces record global revenue of $36.8bn

DELOITTE has reported aggregate network revenue of $36.8bn for the fiscal year ended 31 May 2016, representing 9.5% growth in local currency terms.

Risk advisory grew the most at 22.5%, driven by high demand for cyber and regulatory services, while consulting grew at 10.8%, fueled by increasing demand for integrated services supporting large-scale digital transformation, systems implementation, human resources and strategy projects.

Deloitte tax & legal grew at 10%, the highest growth since 2008. Growth was boosted in part by the sixth consecutive year of double-digit growth in Deloitte Legal.

“Deloitte’s growth last year is a reflection of the tangible value and high-quality professional services we provide to our clients,” said Punit Renjen, Deloitte global CEO. “Deloitte takes pride in helping clients succeed in a global business environment marked by volatility and digital disruption and in our role as stewards helping ensure the proper functioning of global financial markets.”

In 2016, Deloitte increased its global workforce in all geographic regions and businesses. Headcount grew by 8.5%, the highest increase of the last three years. It hired nearly 72,000 new professionals during the last fiscal year and has a total global workforce of 244,400.

Globally, Deloitte has invested more than $650m since 2008 to enhance the quality, consistency, and relevance of audits and has expanded its financial services technologies and assets, such as its new Financial Services Blockchain Lab in Ireland.

Last month, Deloitte posted its fastest annual UK revenue growth in a decade with a rise of 13.6%, reaching a turnover of £3.04bn