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Deloitte Reports Global Revenue for Fiscal 2009 |
Prague, October 26th, 2009 – Deloitte Touche Tohmatsu today announced aggregate member firm revenues of US$26.1 billion for the fiscal year ended May 31, 2009. This represents local currency growth of 1 percent. U.S. dollar revenues decreased 4.9 percent from the prior year.
„Achieving positive growth in this exceptionally difficult economic environment was the result of close attention to the needs of clients and a strong commitment to professional excellence by our member firm professionals,“ said Jim Quigley, CEO of Deloitte Touche Tohmatsu.
The Asia Pacific region had local currency growth of 7.6 percent and was the fastest-growing region for the fifth consecutive year. The member firms in India, Australia, and Japan experienced local currency growth of 29.9 percent, 11.5 percent, and 11.3 percent, respectively. The Europe, Middle East, and Africa region (EMEA) and the Americas region experienced positive growth of 2 percent and a decline of 1.3 percent, respectively, in local currency. Several sub-regions achieved exceptional growth: Africa, the Middle East, and Latin America and the Caribbean grew at 21.3 percent, 15.6 percent, and 13.7 percent, respectively, in local currency.
„Achieving positive growth in this exceptionally difficult economic environment was the result of close attention to the needs of clients and a strong commitment to professional excellence by our member firm professionals,“
—Jim Quigley,
CEO of Deloitte Touche Tohmatsu
Consulting was the fastest growing function at 7.3 percent. Reflecting the challenging economy, both audit and tax were relatively flat against the prior year. Financial advisory services decreased by 6.1 percent from the prior year, primarily due to substantially decreased merger and acquisition activity.
The difficult economic climate required many Deloitte member firms to adjust their cost structures, including in some cases workforce realignments, while continuing to compete aggressively for talent. During its 2009 fiscal year, the network hired more than 40,000 professionals. The workforce now stands at approximately 169,000 people globally, representing a 4.5 percent increase from 2008.
Also issued today was the 2009 Deloitte Touche Tohmatsu Annual Review and Corporate Responsibility Report (www.deloitte.com/annualreview)
“Deloitte” as used in this release shall mean Deloitte Touche Tohmatsu and its member firms.
| Region | 2009 Revenues USD Billion |
USD Growth | Local Currency Growth |
| Americas |
12.5 |
-3.7% |
-1.3% |
| Asia Pacific |
3.4 |
4.7% |
7.6% |
| Europe/Middle East/ Africa |
10.2 |
-9.0% |
2.0% |
| Total |
26.1 |
-4.9% |
1.0% |
| Region | |||
| Africa |
0.4 |
1.0% |
21.3% |
| Asia Pacific |
3.4 |
4.7% |
7.6% |
| Europe |
9.6 |
-9.8% |
0.9% |
| Latin America and the Caribbean |
1.0 |
3.0% |
13.7% |
| Middle East |
0.2 |
15.7% |
15.6% |
| North America |
11.5 |
-4.3% |
-2.5% |
| Total |
26.1 |
-4.9% |
1.0% |
| Service line | 2009 Revenues USD Billion |
USD Growth | Local Currency Growth |
| Audit |
11.9 |
-6.4% |
-0.8% |
| Consulting |
6.5 |
2.0% |
7.3% |
| Financial Advisory Services |
2.0 |
-13.8% |
-6.1% |
| Tax |
5.7 |
-5.5% |
0.8% |
| Total |
26.1 |
-4.9% |
1.0% |
About Deloitte
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Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/cz/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms.
© 2009 Deloitte Czech Republic.