Reports

Revenues Rise Globally At Deloitte, Robust Gains In Americas

Tom Burroughes Group Editor 16 September 2013

Revenues Rise Globally At Deloitte, Robust Gains In Americas

Deloitte, the global professional services firm, posted the fourth consecutive year of growth, with member firm network revenues at $32.4 billion in the financial year ending May 31, a 5.6 per cent year-on-year gain in local currency terms.

“The network experienced healthy growth across all businesses and regions - in local currency - due to strong demand for Deloitte's capabilities and services, as clients manage complexity and uncertainty while investing in growth,” it said.

In dollar terms, revenues rose by 3.2 per cent from the same period a year earlier, Deloitte said in a statement.

Over the 12-month period, Deloitte made nearly 30 strategic acquisitions, such as a majority stake in Monitor, strategy consulting firm.

Regionally, the Americas led growth by regions with a growth rate of 6.3 per cent in local currency, with strongest growth experienced in Chile (18.1 per cent) and LATCO (14.3 per cent).  More than 80 per cent of the network’s total revenue increase came from the US. Most technology and advisory services logged double-digit revenue growth.

Europe, Middle East and Africa grew by 5.6 per cent with the UK member firm rising by 8 per cent. The Asia-Pacific region reported growth of 3.1 per cent in local currency with India, Mauritius, Southeast Asia, Korea and Japan registering growth, each at or above 6.5 per cent.

 

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes