PracticeAccounting FirmsDeloitte global revenues up 7.6% to $35.2bn

Deloitte global revenues up 7.6% to $35.2bn

The firm's most lucrative division was consulting, at $12.2bn globally

Deloitte global revenues up 7.6% to $35.2bn

DELOITTE has reported global revenues of $35.2bn (£22.7bn) for the year ended 31 May 2015, a 7.6% uplift on the previous year.

The Big Four firm enjoyed growth across all of its core practices, industry sectors and geographic regions. Some $18.3bn was generated in the Americas, while $11.9bn was drummed up in EMEA, and a further $5bn was earnt in Asia Pacific.

Its most lucrative division was consulting at $12.2bn globally, narrowly beating audit at $9.8bn with tax and legal business amassing $6.7bn. Meanwhile, EY recently posted 11.6% growth in revenues, to $28.7bn.

“Deloitte’s strong financial performance reflects the success of our multidisciplinary model, which drives the delivery of innovative world-class audit, consulting, enterprise risk services, financial advisory, and tax & legal services, and creates an environment where the world’s leading practitioners thrive,” said Punit Renjen, Deloitte Global CEO.

The firm said it had made significant investments across all its offerings – such as $500m in “advancing audit quality”, which included more than $100m in innovation to “continue to transform the audit and deliver value to the capital markets”.

Deloitte’s global workforce now stands at more than 225,000, with some 62,000 new recruits being added this year alone.

In February, David Sproul was re-anointed as senior partner and chief executive of Deloitte UK by his fellow Deloitte partners for another four years.

Since his original election in June 2011, sales at the firm have increased by more than 20% to £2.5bn, while employee and partner numbers have risen by 10% to 14,000. Sproul, a fomer partner at Enron auditors Arthur Andersen, has vowed to double the firm’s annual investment budget to over £80m, equivalent to more than 10% of current profits.

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