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Financial Mirror (Cyprus) - - FRONT PAGE -

Deloitte mem­ber firms re­ported record ag­gre­gate rev­enues of US $34.2 bln for the fis­cal year end­ing May 31, 2014. In its fifth con­sec­u­tive year of growth, Deloitte saw ac­cel­er­ated de­mand for its range of ser­vices in all re­gions of the world. The or­gan­i­sa­tion’s ag­gre­gate rev­enues rep­re­sent growth of 6.5% in lo­cal cur­rency, or 5.7% in U.S. dol­lars.

Growth was led by Con­sult­ing, which ex­pe­ri­enced dou­ble-digit growth (10.3% in lo­cal cur­rency), fol­lowed by Tax & Le­gal (7.7%). Fi­nan­cial Ad­vi­sory and En­ter­prise Risk Ser­vices also ex­pe­ri­enced strong growth with 6.8% and 4.2%, re­spec­tively. Au­dit ex­pe­ri­enced growth of 2.5%, re­flect­ing growth even after ac­count­ing for the net­work’s sig­nif­i­cant in­vest­ment in qual­ity around its au­dit ser­vice.

In­creas­ing client needs stem­ming from glob­al­i­sa­tion and changes in business mod­els, tech­nol­ogy, and reg­u­la­tions are ex­pected to drive fur­ther op­por­tu­ni­ties for Deloitte in the year ahead. The net­work is also stead­fastly com­mit­ted to the growth and de­vel­op­ment of its peo­ple, with more than 63,000 pro­fes­sion­als re­ceiv­ing train­ing via its Deloitte Univer­sity cur­ric­ula in the past fis­cal year.

“By re­peat­edly forg­ing new ground, Deloitte con­tin­ues to stay ahead of the con­sid­er­able dis­rup­tion fac­ing clients, our peo­ple, and the so­ci­ety in which we op­er­ate,” said Barry Salzberg, Deloitte Touche Tohmatsu Limited CEO.

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