Deloitte grows global sales for fourth year in a row
Deloitte global revenues increase to $32.4bn, driven by growth in consulting and advisory services
DELOITTE has reported an increase in global revenue for a fourth consecutive year, with member firm network sales of $32.4bn (£20.2bn) for the year ending 31 May 2013, up from $31.3bn last year.
Largely driven by growth in consulting and advisory services, the network experienced healthy growth across all businesses and regions, with the Americas leading the way with a growth rate of 6.3% in local currency.
The US, the largest member firm in the network, contributed more than 80% of the network’s total revenue increase. Europe, Middle East and Africa grew by 5.6% with the UK member firm reporting growth of 8%, while Asia Pacific grew by 3.1%.
Consulting grew by 8.7%, audit and enterprise risk services grew by an aggregate 2.9%, financial advisory by 6.7% – with market led demand resulting in strong growth for forensic and restructuring services – while tax and Legal grew by a total of 5.6%.
During the year, Deloitte made 30 acquisitions in key capability areas and geographies, including the acquisition of the majority of strategy consulting firm Monitor.
“Our continued growth is a true testament to Deloitte’s client-centric approach. Deloitte has made strategic investments in important markets, the right businesses and talented people,” said Barry Salzberg, global CEO of Deloitte Touche Tohmatsu.
“Despite major economic fluctuations in some regions, clients are seeking the full range of Deloitte’s services and advice as they invest in innovation and other catalysts of growth.”
Click here to view the latest International Networks Survey