Deloitte records $34.2bn revenue growth

BY JONAH NWOKPOKU
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
Vanguard. 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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