After a year of significant decline, Deloitte revenues remained flat at 632 million euros during the year ending May 31, 2011.
Our Consulting business had an extraordinary year with 17% growth while our Tax advisory business showed modest growth of 5%. Financial Advisory Services saw a small drop in revenues overall, but experienced favorable market conditions in the second half of the year. Our Audit business is still facing challenging market conditions, and has not yet returned to growth.