PracticeAccounting FirmsBig drop in Deloitte’s global revenue growth

Big drop in Deloitte's global revenue growth

Big Four firm Deloitte Touche Tohmatsu has revealed a modest 1% growth in global revenues for the year ending 31 May 2002.

Link: Revenue growth slows at Deloittes

Revenues climbed from $12.4bn in 2001 to $12.5bn (£7.9bn) in 2002, and although this was the ninth consecutive year of positive growth for the firm, the previous two years had seen growth rates of 14% and 21% respectively.

Stripping out the revenues from Deloitte Consulting, which DTT plans to separate by year-end to become Braxton, global revenues grew by 4.5%.

DTT said the year had seen the return of some 3,000 staff to the New York office, which had been damaged in the 11 September terrorist attacks of 2001, as the firm had offices in the adjacent World Financial Centre.

It was the only Big Four firm to have offices in lower Manhattan, and claimed the attacks had had a ‘significant adverse impact’ on US revenues.

Related Articles

BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

5d Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

1w Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

1w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor
RSM announces two partner promotions

Accounting Firms RSM announces two partner promotions

3w Emma Smith, Managing Editor
Backsourcing: The latest accountancy trend?

Accounting Firms Backsourcing: The latest accountancy trend?

1m Pillsbury Winthrop Shaw Pittman