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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.