Deloitte reports global revenue of US$26.1 billion for fiscal 2009

Bratislava — 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.espite 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.“

—Jim Quigley,
CEO of Deloitte Touche Tohmatsu

“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.espite 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. 

Deloitte continues to make substantial investments in its audit technology platform and methodology as well as the professional development of its people to meet the demands and expectations of all stakeholders. Additionally, in FY2009, Deloitte committed more than US$1 billion in investments in other areas. These include plans to construct Deloitte University, a state-of-the-art learning and development facility; substantial incremental investment in selected emerging and priority markets; and strategic transactions by a number of member firms, including the acquisition of substantially all of the assets of BearingPoint’s North American public sector practice by the  Deloitte U.S. member firm. 

“Deloitte’s member firm professionals are united globally by a strong client-centric, collaborative culture, which drives teaming and client service excellence that the market demands.  Our business model of world-class capabilities in audit, tax, consulting, and financial advisory services, delivered through a strong network of market-focused member firms, has produced consistent superior results,” Mr. Quigley said.   

The aggregate compounded annual growth rate (CAGR) was 9.4 percent from 2005-2009 and 14.7 percent from 2005-2008. 

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.

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.    

“Globalization and the general pace of change continue to present both unprecedented opportunities and challenges for clients. With ongoing investments in new service delivery methods and improving processes to facilitate the rapid deployment of the right teams to meet client needs anywhere in the world, I am confident that our member firms will be even better positioned to help their clients succeed,” said Mr. Quigley.

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.

Read more information about Deloitte Touche Tohmatsu report – www.deloitte.com/annualreview.

About Deloitte

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/sk/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 140 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's more than 168,000 professionals are committed to becoming the standard of excellence.

Deloitte's professionals are unified by a collaborative culture that fosters integrity, outstanding value to markets and clients, commitment to each other, and strength from cultural diversity. They enjoy an environment of continuous learning, challenging experiences, and enriching career opportunities. Deloitte's professionals are dedicated to strengthening corporate responsibility, building public trust, and making a positive impact in their communities.

© 2009 Deloitte Slovakia.

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