Deloitte Touche Tomatsu said its aggregate member firm revenue increased by a record 15.5 percent to $23.1 billion for the fiscal year ended May 31.

The firm said it was the fifth consecutive year of member firm double-digit revenue growth from continuing operations. This past year, all of Deloitte's service lines and geographic regions delivered double-digit growth.

Financial advisory services grew 25.2 percent to $1.89 billion; consulting and tax services increased 16.5 percent each to $5.19 billion and $4.98 billion respectively; and audit services grew by 13.1 percent to $11.08 billion.

Deloitte saw the fastest growth in the Asia-Pacific region, which grew 17.2 percent to $2.46 billion. The Europe-Middle East-Africa region grew 12.6 percent to $9.18 billion and the Americas region grew by 11.9 percent to $11.49 billion. "The multimillion-dollar investments in emerging markets like China and India are enabling Deloitte member firms to grow their local practices to serve our clients in those rapidly expanding markets," said James H. Quigley, global CEO of Deloitte, in a statement.

He has set recruitment and retention as key priorities at the firm, with the goal of increasing Deloitte's global workforce by 50,000 over the next four years. In June, Quigley appointed Vassi Naidoo as Deloitte's global managing partner to achieve that goal. Naidoo was formerly CEO of Deloitte South Africa.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access