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Friday, 3 October 2014

Deloitte announces record revenues of $34.2bn

DELLOITE, a global consulting and accounting firm, said its revenue rose by 6.5 percent to  US $34.2 billion for the fiscal year ending 31 May 2014.

This was contained in a statement announcing its revenue growth for the last financial year made available to Chat212. The result represents the company’s fifth consecutive year of  growth. The growth in revenue was bouyed by  accelerated demand for  Deloitte’s  range of services in all regions of the world.

According to the statement, “The growth was led by Consulting, which experienced double-digit growth of 10.3 percent in local currency, followed by Tax & Legal with 7.7 percent. Financial Advisory and Enterprise Risk Services also grew by 6.8 percent and 4.2 percent, respectively. Audit experienced growth of 2.5 percent, reflecting growth even after accounting for the network’s significant investment in quality around its audit service.”

“Deloitte’s growth reflects its commitment to providing clients with high quality services through a multi-disciplinary model, delivering innovative solutions from strategy to implementation.”

“Increasing client needs stemming from globalisation and changes in business models, technology, and regulations are expected to drive further opportunities in the year ahead.  The network is also steadfastly committed to the growth and development of its people, with more than 63,000 professionals receiving training via its Deloitte University curricula in the past fiscal year.”

Commenting  on the result, Barry Salzberg, Chief Executive Officer, Deloitte Touche Tohmatsu Limited,  said, “By repeatedly forging new ground, Deloitte continues to stay ahead of the considerable disruption facing clients, our people, and the society in which we operate. Member firms remain sharply focused on their unique ability to address the specific needs of their clients through distinctive breadth of skills, deep industry knowledge and strategic investments, while bolstering trust in the marketplace, hiring and developing the best talent, and delivering value to society.”
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