Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • Data Privacy
  • Français
  • my CNW 
    • Login
    • Register
  • Client Login 
    • Online Member Centre
    • Next Gen Communications Cloud
    • Cision Communications Cloud®
  • Sign Up
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
Advanced Search
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Canadian Federal Government
      • Canadian Municipal Government
      • Canadian Provincial Government
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

  • Advanced Search
  • Overview
  • Multichannel Amplification
  • Monitoring
  • Distribution
  • Multimedia
  • Guaranteed Paid Placement
  • AI Tools
  • IR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Worldwide Offices
  • Hamburger menu
  • Cision Canada
  • Send a Release
  • FR
    • Phone

    • 877-269-7890 from 8 AM - 10 PM ET

    • ALL CONTACT INFO
    • Contact Cision

      877-269-7890
      from 8 AM - 10 PM ET

  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Overview
  • Multichannel Amplification
  • Monitoring
  • Distribution
  • Multimedia
  • Guaranteed Paid Placement
  • AI Tools
  • IR
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Worldwide Offices
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR

Deloitte grows for fourth consecutive year, reporting US $32.4 billion in revenue


News provided by

Deloitte

Sep 16, 2013, 06:01 ET

Share this article

Share toX

Share this article

Share toX

- Increased demand from clients for all services created growth across all businesses and regions

- Growth in consulting and other advisory services was particularly strong

- Priority markets contributed nearly one-fifth of revenue; a significant return

- Nearly 30 strategic acquisitions were made in FY13, marking significant investment in the future

- Launch of Deloitte University EMEA (Europe, Middle East, Africa), will further equip talent to help clients navigate the new economic environment

- The network invested more than US $170 million to improve local communities

NEW YORK, Sept. 16, 2013 /CNW/ - Increased demand for a broad range of client services saw Deloitte grow for the fourth consecutive year, with Deloitte member firm network revenues of US $32.4 billion for the fiscal year ending 31 May 2013.

The network experienced healthy growth across all businesses and regions – in local currency – due to strong demand for Deloitte's capabilities and services, as clients manage complexity and uncertainty while investing in growth. The strengthening of the U.S. dollar towards the end of Deloitte's fiscal year meant the network's 3.5 percent growth was higher in local currency at 5.6 percent.

"Our continued growth is a true testament to Deloitte's client-centric approach. Deloitte has made strategic investments in important markets, the right businesses and talented people. As a result, Deloitte is helping many more clients navigate the changing business environment," said Barry Salzberg, Global CEO of Deloitte Touche Tohmatsu Limited (DTTL). "Despite major economic fluctuations in some regions, clients are seeking the full range of Deloitte's services and advice as they invest in innovation and other catalysts of growth."

Commitment to Quality and Strategic Success
Demand for Deloitte's world-class services, uniquely tailored to clients' evolving needs in distinct industry sectors and markets, has created successive years of growth. Deloitte is making large investments in talent to provide clients with high quality services as they navigate a challenging environment. In FY14, we will build on these distinctive strengths to help clients continue to succeed.

Unwavering Eye on Audit Quality
Deloitte has a relentless focus on quality — in our solutions, advice and people—to ensure the highest standards are maintained. Nowhere is quality more important than the independent audit – key to protecting the investing public and capital markets, and Deloitte takes pride in the important role we play. As such, we are focused in two important arenas: engaging with regulators and other stakeholders worldwide to promote reforms that improve quality for all parties; and, innovating a wide range of measures and programs to maintain and build our professional excellence. An integral component to this is the latest generation of Deloitte's audit platform, Deloitte Audit. This comprehensive suite of capabilities delivers an insightful, customized audit approach focusing on the most important issues and risks. This helps ensure a consistent execution of high quality audits, leveraging scalable content and technology, while providing quality service to our clients worldwide.

Strategic Focus on Priority Markets and Acquisitions
In FY13, Deloitte's continued focus on priority markets resulted in nearly 7 percent growth of these markets in local currency, thus outpacing the rest of the network. Priority markets' accounted for nearly one-fifth of Deloitte network revenues and are expected to increase that share in the near future.

Deloitte made nearly 30 strategic acquisitions in key capability areas and geographies, marking a significant investment in the future to better serve our clients. Notably, Deloitte acquired the majority of Monitor, one of the world's leading strategy consulting firms, positioning the Deloitte network as a worldwide leader in strategy consulting. Monitor's talent and assets joined with Deloitte's world class strategy capabilities to operate under the Monitor Deloitte brand. Acquisitions will remain a priority to Deloitte's business strategy in FY14.

Member Firm Regional Growth:

  • Americas led growth by regions with a growth rate of 6.3 percent in local currency, with strongest growth experienced in Chile (18.1 percent) and LATCO (14.3 percent). The United States, the largest member firm in the network, produced particularly strong growth, contributing more than 80 percent of the network's total revenue increase. The majority of advisory and technology services grew in double digits.
  • Europe, Middle East and Africa (EMEA) grew by 5.6 percent with the UK member firm experiencing solid growth of 8 percent, despite a challenging economic climate. The Middle East and Turkey firms posted strong double-digit growth, largely driven by their tax and advisory businesses. Together, the Southern and East African member firms grew by a solid 8.3 percent.
  • Asia Pacific experienced growth of 3.1 percent in local currency with India, Mauritius, Southeast Asia, Korea and Japan registering solid growth, each at or above 6.5 percent.

Business Growth by Functions and Industries:

  • Consulting growth in FY13 was particularly strong across all regions, 8.7 percent in local currency. The growth signals a willingness by companies to explore and invest in business opportunities. Within Consulting, demand for Human Capital and Strategy & Operations services was strongest.
  • Financial Advisory grew by a total of 6.7 percent. Market led demand resulted in strong growth for Forensic and Restructuring services, while further investments in strategic acquisitions were made across all regions.
  • Audit and Enterprise Risk Services grew by an aggregate 2.9 percent. ERS experienced double digit growth in the Asia Pacific region and strong growth in EMEA and the Americas.
  • Tax and Legal grew by a total of 5.6 percent, experiencing solid growth in each region and sub-function. Most notably, a majority of Asia Pacific member firms were strong, led by Japan, India, Mauritius and Korea. In FY14 the network plans to continue to drive growth through investments in technology-enabled services, globally integrated market offerings, and services that assist clients in addressing challenges stemming from rapid changes related to globalization, technology advances, and regulatory developments.
  • Industries: Life Sciences and Health Care led growth among industries posting 12.9 percent growth, followed by Public Sector, which grew by 7.7 percent and Manufacturing, which grew by 5.5 percent. Energy and Resources also posted strong growth at 5.1 percent.

Deep Investment in World-Class Talent
Building on the success of the U.S. Member Firm's investment in Deloitte University (DU), which opened in Westlake, Texas in the fall of 2011, Deloitte University EMEA was launched over the summer to offer programs uniquely tailored to the region's needs. This continued investment in leadership and development ensures that Deloitte professionals have the most advanced training and skills to help clients navigate an evolving world. More than 50,000 Deloitte professionals from 70 countries have attended DU at the Westlake location.

"Delivering superior service to our clients is at the heart of what we do. Deloitte University EMEA is an investment in the professional development of our people, and providing an environment which creates a compelling learning environment is key to that growth," said Roger Dassen, Global Managing Director, Clients, Services and Talent, DTTL. "DU EMEA will be a place where firms can share their diverse perspectives and experiences, and create a consistent standard of excellence that will be reflected in the work we do every day."

Deloitte continued its focus on hiring, developing, and retaining top talent as a driver of business activity. In FY13, the network hired 51,400 professionals; its total workforce now exceeds 200,000 professionals, which marks a significant milestone for the organization.

Purposed-Based Business Model: Commitment to our Communities
Deloitte understands the fundamental and positive role business plays in shaping and creating the society of the future, and this year committed record amounts of skills and expertise to tackling challenging social issues through two new groundbreaking initiatives that reflect our purposed-based business model.

Deloitte invested more than US $170 million in communities in FY13 through a combination of skills-based volunteering, pro bono work and donations and over 800,000 volunteer hours.

In April 2013, Deloitte worked with The Social Progress Imperative (SPI) along with other organizations to introduce The Social Progress Index. The Index originated with the belief that a country's progress and competitiveness has to be measured beyond economic factors, and through extensive research and methodologies, provides the social and environmental indicators that affect a country's performance. Deloitte is collaborating with SPI in deploying the Index worldwide by helping to establish the right networks of experts from government, civil society as well as businesses that will contribute to the discussion, drive change and work to solve some of our biggest societal issues.

In July 2013, as part of an effort to help strengthen the humanitarian sector and create innovative approaches to humanitarian preparedness and responsiveness, Deloitte launched the Humanitarian Innovation Program. The program is a collaboration with local, national, and international humanitarian leaders and leverages Deloitte's own diverse skills and expertise to deliver a globally coordinated approach to supporting crises around the world.

"Businesses increasingly recognize that their continued success is inextricably linked with social progress. But many challenges facing society today are so complex and far-reaching that no organization can solve them alone. Governments, community organizations and business must collaborate to drive positive change," continued Salzberg. "At Deloitte, we're confident that our investments and contributions will continue to make a difference in 2014."

To view this release online, please visit www.deloitte.com/2013revenues

About Deloitte
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 than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte's more than 200,000 professionals are committed to becoming the standard of excellence.

Deloitte Fiscal Year 2013 Regional and Function Revenue Breakdown (aggregate)

Region

$ Billions

USD

Growth

Local

Growth

% of Revenue

Americas

16.4

5.7%

6.3%

50.5

Asia Pacific

4.9

(0.2%)

3.1%

15.1%

EMEA

11.1

2.1%

5.6%

34.4%

Total

32.4

3.5%

5.6%

100.0%

Function

$ Billions

USD

Growth

Local

Growth

% of Revenue

AERS

13.1

0.5%

2.9%

40.4%

Consulting

10.4

7.1%

8.7%

32.1%

Financial Advisory

2.8

4.7%

6.7%

8.7%

Tax and Legal

6.1

3.8%

5.6%

18.8%

Total

32.4

3.5%

5.6%

100.0%

Sub Region

$ Billions

USD

Growth

Local

Growth

% of Revenue

North America

15.0

6.1%

6.2%

46.4 %

Latin America

1.3

1.1%

7.6%

4.1%

Asia Pacific

4.9

(0.2%)

3.1%

15.1%

Europe

10.3

2.2%

5.2%

31.7%

Middle East

0.3

12.7%

13.8%

0.9%

Africa

0.6

(4.5%)

8.0%

1.8%

Total

32.4

3.5%

5.6%

100.0%

Percentages may not add to 100 due to rounding

SOURCE: Deloitte

Lauren Mistretta, Global Communications, Deloitte Touche Tohmatsu Limited, Tel: +1 (312) 486 4259, Mobile: +1 (773) 456 8191, [email protected]; Carolyn Vadino, Global Communications, Deloitte Touche Tohmatsu Limited, Tel: +1 (212) 436-6970, Mobile: +1 (917) 574-5367, [email protected]; Cecilia Coakley, MWW Group, Tel: +1 (201) 964 2395, Mobile: +1 (201) 681 9886, [email protected]

http://www.deloitte.com

Modal title

Organization Profile

Deloitte

    Also from this source

  • Deloitte and CAS publish new report analyzing the lithium-ion battery recycling industry amid growing demand for sustainable energy solutions

  • MPOWER Financing Ranked Among North America's Fastest-Growing Companies on the 2024 Deloitte Technology Fast 500™

Contact Cision

  • 866-245-2317
    from 8 AM - 10 PM ET
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media

Products

  • Cision Communications Cloud®
  • Media Monitoring
  • Content Distribution
  • Multimedia Distribution
  • Measurement & Analytics
  • Investor Relations

About

  • About Cision Canada
  • About Cision
  • Media Partners
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud®
  • my CNW

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud
  • my CNW
877-269-7890
from 8 AM - 10 PM ET
  • Terms of Use
  • Information Security Policy
  • Site Map
  • Cookie Settings
  • Accessibility Statement
Copyright © 2025 CNW Group Ltd. All Rights Reserved. A Cision company.