PracticeAccounting FirmsDeloitte grows global revenues by 1.8%

Deloitte grows global revenues by 1.8%

Ambitious growth plans for Deloitte as 2010 figures show modest growth, pinned on sections of outstanding performance

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.”

Deloitte-fiscal-year-table

Further reading:

Deloitte
revenues and profit decline

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