PracticeAccounting FirmsRevenues fall 4.9% at Deloitte International

Revenues fall 4.9% at Deloitte International

India, Australia and Japan clock up the biggest growth rates

In a sign that the recession is still punishing the big firms Deloitte
International has posted a fall in revenues of 4.9% to $26.1bn.

The decrease comes in a dollar currency calculation. In local currencies the
firm says the results represent growth of 1%.

“Achieving positive growth in this exceptionally difficult economic
environment was the result of close attention to the needs of clients and a
strong commitment to professional excellence by our member firm professionals.
Despite the tough economy, we remain focused on our vision to be the standard of
excellence and will continue to invest in pursuit of this vision,” said Jim
Quigley, CEO of Deloitte Touche Tohmatsu.

Quigley is quoted on Reuters saying: “The conversation has shifted from
whether we are going to move into a more severe recession to asking what is the
shape of the recovery.”

He added: “The ability to actually finance and complete some transactions has
been enhanced and for our professionals who assist in mergers and acquisitions,
even though the number of closed deals continues to lag, the number of deals
under consideration has started to pick up.”

In August Deloitte in the UK reported revenues had fallen 2% for the year.

Europe, Middle East, Africa saw growth of 2% and the Americas 1%. India saw
an uplift of 29.9%, Australia 11.5% and Japan 11.3%.

Consulting was the fastest growing service line at 7.3%. Deloitte both audit
and tax were flat.

Related Articles

David Sproul, Senior Partner and Chief Executive, Deloitte

Accounting Firms David Sproul, Senior Partner and Chief Executive, Deloitte

4m Lucy Skoulding, Reporter
Financial Power List 2018: 1-5 revealed

Accounting Firms Financial Power List 2018: 1-5 revealed

4m Lucy Skoulding, Reporter
Top 50+50: Firms fall short on diversity

Accounting Firms Top 50+50: Firms fall short on diversity

8m Alia Shoaib, Reporter
Deloitte global revenues hit record $38.8bn

Accounting Firms Deloitte global revenues hit record $38.8bn

8m Emma Smith, Managing Editor
PwC to take over from Deloitte as Diploma auditor

Accounting Firms PwC to take over from Deloitte as Diploma auditor

8m Alia Shoaib, Reporter
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

9m Alia Shoaib, Reporter
Deloitte reports revenue growth of 11%

Accounting Firms Deloitte reports revenue growth of 11%

9m Alia Shoaib, Reporter
Deloitte acquires Swedish digital agency Acne

Accounting Firms Deloitte acquires Swedish digital agency Acne

9m Alia Shoaib, Reporter