TUESDAY, OCT. 2: Deloitte Touche Tohmatsu Limited (DTTL) is basking in its highest revenues ever.

The company has announced aggregate member firm revenues of US$31.3 billion for the fiscal year ending May 31.

Their press release details how aggregate revenues grew 8.6 per cent in US dollars and 8.3 per cent in local currency – the strongest revenue increase since 2008. Deloitte member firms also experienced growth across all three major geographic regions, led by results in Asia Pacific, the Americas, and a number of developing markets, as well as across all business lines and industry sectors.

John Johnston, CEO of Deloitte’s Bermuda and Caribbean region, said:  “We take pride in these strong results as DTTL continues to build momentum globally.

“Our client insight, innovative service and foundational strength, combined with our ability to provide a consistent level of service across the globe, are key drivers in our growth and value.”

Leadership development

During the year, Deloitte focused on hiring, developing, and retaining top talent as a key driver of the expansion of business activity.

The Network hired 51,400 professionals; its total workforce now exceeds 193,000 worldwide and the organization is well on its way to achieving its growth goal of 250,000 professionals by financial year 2015.

In addition to the continued focus on hiring, and to support strategies to be recognized as one of the top organizations in the world for developing world-class leaders, Deloitte is investing heavily in leadership development globally.

This commitment can be seen in Deloitte University, a US$300 million learning and development facility located outside of Dallas, Texas, where Deloitte professionals come together to share ideas, and identify and capitalize on new and innovative solutions. More than 40,000 professionals from 70 countries attended Deloitte University over the last year.

Growth

Deloitte saw growth the past financial year across all business lines and industries, with financial advisory and consulting experiencing 15 per cent and 13.5 per cent revenue growth, respectively.

Breakdown of business line and industry growth (aggregate across member firms, in USD):

  • Financial Advisory led the portfolio at 15 per cent.
  • Consulting revenue grew by 13.5 per cent, while Audit and Enterprise Risk Services (ERS) revenue grew by six per cent.
  • Consumer Business and Transportation grew by 11 per cent and Financial Services by 10 per cent. Financial Services generated more than one-fourth of the total industry revenue.
  • Tax and Legal revenue grew by four per cent.