Key highlights:
New York, NY, 12 September 2024 — Deloitte today reported aggregate global revenue of US$67.2 billion for the fiscal year ending 31 May 2024 (FY2024), a 3.1% increase in local currency (and 3.6% increase in USD) from FY2023.
"In a complex global environment over the past year, Deloitte successfully sustained a growth trajectory while investing heavily in the next generation of capabilities aligned to emerging areas of client demand,” says Joe Ucuzoglu, Deloitte Global CEO. “Our unrivalled breadth of capabilities spanning advanced technologies, sector depth and expertise in critical business functions, positions Deloitte uniquely to help clients, markets and society at large maximise the value of tech-driven transformation.”
Deloitte pervasively embeds purpose into the work we do with clients: building trust and confidence in business and markets through leading audit quality, turning deep insights into strategic action, responsibly creating and protecting value and delivering innovative solutions that drive economic growth.
Accelerating GenAI solutions and Digital Transformation: Deloitte practitioners bring together deep technical knowledge and business acumen to help enterprises integrate GenAI into their business strategies and drive substantial transformation within their organisations and industries. We are harnessing the potential of GenAI to drive tangible benefits and value creation for companies across industries and helping to turn their ambitions into reality by scaling up GenAI deployments beyond pilots and proofs of concept. Deloitte’s GenAI incubator network, spanning three regions and eight countries, enables clients to experiment with GenAI tools—then develop, deploy and scale GenAI solutions within their organisations. Over the past year, Deloitte has helped clients deliver more than 700 projects to provide process efficiency, cost reduction, elevated customer experience and greater value in the form of new insights, faster innovation and accelerated growth. To fuel this momentum, in our long-term plan we have aligned over US$3 billion of investments in GenAI globally through FY2030, on top of our $1 billion multi-year investment in AI-enabled delivery platforms, capabilities expansion and capacity scaling for AI and Data services in the past. Deloitte also employs its Trustworthy AITM framework to help manage GenAI-related risks.
We draw on our strong ecosystems and alliances and collaborations with many of the world’s leading technology providers to guide clients through this rapid pace of change. Deloitte was honoured to be named Google Cloud Industry Solution Services Partner of the Year - Generative AI (2023) and AWS Global Data & Analytics Partner of the Year (2023), as a testament to our ability to build industry-leading solutions with AI at the centre. We continue to strengthen our relationship with NVIDIA by shaping new market opportunities and developing innovative business models such as customised foundation models using NVIDIA's NIM Workflow Blueprints and are proud to be named NVIDIA Partner Network Global Consulting Partner of the Year for the fourth consecutive year. These relationships are vital to help address some of Deloitte clients’ and society’s most complex challenges. Deloitte’s GenAI incubator network works directly with Deloitte’s alliance and technology relationships including leading enterprise software, hardware and cloud vendors.
Deloitte is also partnering with the International Olympic Committee (IOC) to bring its vast digital consulting experience to help facilitate the development of the Olympic AI Agenda. This will help to guide the IOC and the Olympic Movement into a future where AI enhances many facets of human potential and democratises sports.
Shaping sustainable growth: Sustainability challenges are urgent, defining topics for business leaders—and navigating this complex landscape requires sophisticated solutions. Deloitte Sustainability works with organisations across industries and regions to help drive meaningful advances in their climate-led transformations. We assist clients as they embed sustainability into their strategies and operations, develop new sustainable products and services, re-engineer their supply chains, finance their initiatives, consider tax implications, build resilience and cope with climate change, measure and report on their progress and manage evolving sustainability regulation requirements.
Through our ecosystems and alliances relationships, we work with the world’s leading technology organisations to help our clients achieve regulatory compliance, unlock Data driven insights, strengthen their decarbonisation strategies and prioritise Sustainability investments. Technology innovation is at the heart of our business and we have developed several solutions to help solve our clients most pressing Sustainability needs. From proprietary technologies that help organisations navigate Sustainability requirements around the world, such as the European Union’s Corporate Sustainability Reporting Directive (CSRD), to applying geospatial technologies that address on-the-ground challenges, while developing new business applications across multiple industries.
In recognition, Deloitte has been named a leader in the Verdantix ESG & Sustainability Consulting Green Quadrant 2024.
Embedding continuous advantage: Deloitte practitioners work with organisations to design, build and manage their critical business functions through Deloitte’s Operate services and global delivery centre network. Through Deloitte’s deep industry knowledge, leading-edge technology, automation and Data insights, we help clients increase operational efficiency and agility, add value and embed continuous advantage into their operations.
Over the past year, Deloitte continued to expand its Operate services with new industry-specific solutions. For example, Operate’s Future of Travel service is designed to make travel more seamless and secure by modernising the enterprise systems and operational processes that facilitate travel with digital issuance and arrival solutions—unlocking a future where passengers can secure necessary travel documents and complete their journeys more swiftly and smoothly. The Software-Defined Vehicles end-to-end platform helps manufacturers to send secure updates, accelerate time to market and integrate third-party applications, while reducing manual inputs. Operate teams are also incorporating new and emerging industry disruptions, such as GenAI. Deloitte’s AI Factory as a Service helps enterprises unlock value from this new technology in a rapid, scaled and cost-effective manner across multiple industries and businesses. The service provides immediate access to dynamic high-compute infrastructure, AI software, third-party Data and hard-to-source skills and experience to help clients ideate, develop and run custom AI/GenAI use cases, workflows and models to achieve business outcomes that matter.
Deloitte was recognised as a Leader in the 2024 Gartner® Magic Quadrant™ for Finance & Accounting Business Process Outsourcing.
Deloitte is modernising and simplifying its shop front and go-to market strategy. Over the course of FY2025, we are aligning our capabilities into the following business units: Audit & Assurance, Tax & Legal and two units housing our Consulting services: Strategy, Risk & Transactions and Technology & Transformation. This modernisation better aligns our market-leading multi-disciplinary capabilities with the most important strategic issues our clients are facing. We expect this will enhance our ability to provide integrated solutions that address our clients’ emerging issues and help us to deliver the highest quality services to all of our stakeholders.
Our FY2024 results are presented in accordance with our prior business unit structure. For FY2024, Tax & Legal revenue grew fastest among Deloitte’s businesses at 8.7% in local currency, followed by Audit & Assurance, which grew 4.1%. Among the regions, EMEA grew the fastest at 8.5%, followed by the Americas at 1.4%. For the third consecutive year, Deloitte received the highest possible rating, an Overall Strong, from Gartner in its 2024 vendor rating report.
In the face of pressing societal challenges—from education and health equity to diversity and inclusion at work—Deloitte is working to advance progress across our global society. Through the services Deloitte people provide, our investments and our portfolio of initiatives focused on creating educational and skills-building opportunities, we are helping to create a more equitable future.
Deloitte is focused on supporting the professional and personal growth of our 460,000 people around the world—from the meaningful and challenging work we provide, to the world-class learning and development we offer, to our inclusive culture where all our people can thrive throughout their career journeys.
Note: Deloitte’s 2024 Global Impact Report will be released later this year.
Gartner, Magic Quadrant for Finance and Accounting Business Process Outsourcing, May 2024
Gartner, Vendor Rating: Deloitte, May 2024
Gartner, Market Share Analysis: Consulting Services, Worldwide, 2023, June 2024
Gartner, Market Share Analysis: Security Services, Worldwide, 2023, July 2024
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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