Making an Impact
Leading through complex times
FY24 Annual Report
CEO message
It has been a complex and challenging twelve months in the Australian professional services sector, driven by factors such as significant political and public scrutiny, economic uncertainty and the dampening of client spend. Despite these headwinds, I am proud of the way Deloitte Australia has continued to lead and make a positive impact on the back of high value client work and thought leadership, a focus on attracting and developing highly talented professionals, and a commitment to building a strong culture founded on integrity, quality, innovation and respect.
The external environment did have a direct impact on Deloitte’s financial results, with revenue contracting 2.4% over the past twelve months in response to slowing demand for professional services across sectors including financial services, telecommunications, public sector, healthcare, consumer business and retail. The majority of this impact was felt over the first half of the financial year with greater market stability returning in recent months.
In this environment, our core focus has been staying close to the needs of our clients and ensuring we consistently deliver high quality client services and outcomes. While parts of the market have been challenging, during the year, we experienced strong client demand for a broad cross section of our skills and services across different parts of the economy.
