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Financial information
Deloitte Touche Tohmatsu reported 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. The aggregate compounded annual growth rate (CAGR) was 9.4 percent from 2005-2009 and 14.7 percent from 2005-2008.
“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. Despite the tough economy, we remain focused on our vision to be the standard of excellence and will continue to invest in pursuit of this vision,” 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.
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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 workforce currently stands at approximately 169,000 people globally, representing a 4.5 percent increase from 2008.
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