Deloitte announces aggregate revenue results of US$26.6 billion
New York, 13 September, 2010 – Deloitte Touche Tohmatsu Limited today announced aggregate member firm revenues of US$26.6 billion for the fiscal year ended 31 May 2010. Aggregate revenues grew 1.8 percent in U.S. dollars and remained essentially unchanged in local currency. Aggregate business volume increased from the prior year, while rates remained constrained by the challenging economic conditions. Compound aggregate growth for FY2005-2010 was 7.8 percent.
Deloitte member firms’ (Deloitte) business lines performed strongly within the context of the economic environment. A 15 percent increase in member firms’ consulting revenues, led by a 19 percent growth in the strategy and operations service line and a 33 percent growth in technology integration, helped to offset small declines in other businesses whose results were primarily affected by modest reductions in rate per hour. The Deloitte U.S. member firm’s recent integration of BearingPoint’s North American public sector practice contributed meaningfully to consulting’s overall performance and has positioned Deloitte among the largest public sector consultancies worldwide.
“The people of Deloitte take great pride in their ability to add value in areas that matter most to clients during the downturn,” said Deloitte Touche Tohmatsu Limited CEO Jim Quigley. “I am proud of our people and their continued commitment to client service excellence during the most difficult economic climate in decades. This dedication, along with our strong focus on integrity and sustainable, responsible business practices, will continue to be critical to our future success.”
Deloitte attributes its recent success to strategic investments in four areas:
Geographic results (aggregate, in USD):
Business and industry results (aggregate, in USD):
To sustain its market-leading performance and help clients navigate the post-crisis world, Deloitte is rolling out a new global strategy called “As One.” The strategy enhances the network’s ability to seamlessly deliver world-class services across borders, while leveraging the market-focused accountability of its member firm structure.
“The financial crisis has fundamentally reshaped our economic, regulatory, and business landscapes,” said Quigley. “Change creates opportunities for both Deloitte and our clients, and I believe that this is the right time to launch the As One strategy. We are committed to bringing the full breadth of the network’s resources to help clients adapt to the new market realities, sustain our relentless focus on quality, and develop and deploy the best talent in every market in which Deloitte operates.”
Quigley went on to express his optimism for the year ahead. “I am proud that Deloitte continued investing in our capabilities and people during the downturn. As a result, the network is strongly positioned to respond to the rising demand that we are already seeing across our business portfolio. With the strength of our multidisciplinary service model and our people’s commitment to excellence, I am optimistic that Deloitte member firms will continue to achieve solid growth in FY11.”
Deloitte Touche Tohmatsu Limited Fiscal Year 2010 Regional and Service Line Revenue Breakdown (aggregate)
|Region||2010 Revenues USD Billion||USD Growth||Local Currency Growth||% of Revenue|
|Function||2010 Revenues USD Billions||USD Growth||Local Currency Growth||% of Revenue|
Percentages based on absolute values and not truncated, dollars in billions for rounding.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited 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 than140 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's approximately 170,000 professionals are committed to becoming the standard of excellence.