Deloitte Touche Tohmatsu announced aggregate revenues for its member firms totaled $18.2 billion for the 2005 fiscal year, a 10.9 percent increase from last year.
This marks the third consecutive year of double-digit growth for the company's continuing operations and the 12 th consecutive year that Deloitte member firms have posted revenue increases. The company said it say revenue increases across the board in each of its audit, tax, consultative, and financial advisory service offerings.
Deloitte member firms also continued their geographic expansion in 2005 -- seeing continued growth in Europe and completing mergers in China, India, Korea and Latin America. The company is also continuing to work on capitalizing on opportunities in the growing Asia-Pacific region.
"Within the next five years, Deloitte China plans to double its head count to more than 10,000 people," said chief executive William G. Parrett, in a statmtent. "With continued growth in China, it is expected within the next decade that Deloitte China will become the second-largest Deloitte member firm."
The "Deloitte Touche Tohmatsu Worldwide Member Firms 2005 Review" is available online at www.deloitte.com/annualreview. The review also includes the organization's new strategic initiatives, which include: enhancing and protecting the Deloitte brand, building the next generation of talent, enhancing cross-border execution, focusing more to the middle market, and delivering more consistent client service worldwide.
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