Deloitte announces record revenue of $43.2 billion
• 11.3 percent increase marks ninth consecutive year of growth
• All Deloitte services, industries, and regions experienced continued growth
• The number of Deloitte professionals grew 8.4 percent to more than 286,000—an agile workforce fit for the opportunities of the Fourth Industrial Revolution
Deloitte has reported aggregate member firm revenue of $43.2 billion for the fiscal year ended 31 May 2018 (FY2018). This is an 11.3 percent revenue increase of $4.4 billion.
“FY2018 was exceptional for Deloitte as we continued to deliver a measurable impact for clients, our people, and society. These results reflect Deloitte’s unrelenting commitment to serving clients with quality and distinction while embracing important publicinterest responsibilities,” says Punit Renjen, Deloitte Global CEO. “Over the past year, we have increased strategic investments in the capabilities and services most sought-after by clients in the fastest-growing markets in the world. We also have expanded our efforts and investments to drive audit quality and innovation while achieving strong financial results.”
Transition to Fourth Industrial Revolution (Industry 4.0) delivers growth across all businesses, industries and regions
Deloitte’s global strategy and multidisciplinary business model continued to deliver successes in FY2018. All five practice areas— Audit & Assurance, Consulting, Financial Advisory, Risk Advisory, and Tax & Legal—grew during this time.
Among the industries driving Deloitte’s growth in FY2018 were Technology, Media & Telecommunications, and Financial Services; each grew revenue more than 12 percent on a US-dollar basis. Consumer and Industrial Products was the top contributor with $1.3 billion revenue gained from FY2017 to FY2018.
Overall, Europe, Middle East, and Africa grew fastest among the regions with a USD revenue growth rate of 15.9 percent, followed by Asia Pacific at 13.3 percent, and the Americas at 8.0 percent.
Building a diverse, inclusive, agile workforce to meet the needs of tomorrow
In FY2018, Deloitte increased its workforce to approximately 286,000 professionals, an 8.4 percent increase. Growth occurred across all regions and practice areas, with more than 77,000 professionals hired. Among the regions, growth was led by Asia Pacific at 11.6 percent, and for services it was led by Consulting at 14.7 percent.
Additionally, in FY2018 Deloitte elevated 676 professionals to partner, a 19 percent increase from FY2017. Globally, 174 of these partners are women.
Deloitte’s dedication to attracting, retaining and developing the very best global leaders, at all levels across the organisation, is illustrated by its investment in its network of Deloitte University centres around the world. Through DU, Deloitte professionals advance their careers and participate in leadership development programs in a world-class learning environment that inspires them to be their best.
In FY2018, Deloitte doubled down on its talent investment and increased its impact by delivering the DU experience to more than 90,000 professionals and opening Deloitte’s seventh DU location, in Mexico City.
New mindset impact
Addressing the complex challenges society faces today has become an imperative for business, and one that requires a new mindset for action. Deloitte embraces this opportunity— through its client work and handson community activities, and by sharing insights.
Deloitte’s ambition is to create pathways for people to fulfil their aspirations and find meaningful work in the new economy. The WorldClass societal-impact initiative expands access to education and career-building opportunities for those affected by Industry 4.0. The goal is to impact 50 million futures by 2030.
In FY2018 alone, major initiatives included: award-winning work showcasing the social and economic value of the Great Barrier Reef in Australia; cooperating with the Refugee Studies Center at the University of Oxford on a cross-border initiative to realise the economic potential of refugees living in Europe; and serving as the lead innovation partner for UNLEASH 2018, a global initiative inspiring and supporting the next generation of leaders as they develop solutions to some of the most vexing problems facing the world today.
“At the core of Deloitte’s business model is the fundamental belief that working with a sense of purpose and serving with quality and distinction make a positive impact on our clients, our people, and our communities. It is through our work that we contribute to building a more equitable and sustainable world,” says Renjen.
To learn more about Deloitte’s societal impact, please read Deloitte’s 2018 Global Report: www.deloitte.com/globalreport.