Deloitte Announces Record Financial Performance

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<strong>Cape Town, South Africa &mdash; Oct. 16</strong><br />Deloitte Touche Tohmatsu has reported that aggregate member firm revenues increased by a record 15.5 percent in U.S. dollars and 12.6 percent in local currencies, to $23.1 billion for the fiscal year ended May 31. <br /><br />This marks Deloitte&rsquo;s fifth consecutive year of member firm double-digit revenue growth from continuing operations. Every service line and every geographic region delivered double-digit growth.<br /><br />Deloitte&lsquo;s revenues were reported in the Deloitte Touche Tohmatsu Worldwide Member Firms 2007 Review, “Milestones on the Journey.” <br /><br />&ldquo;We are delighted with our performance, which reflects our people&#39;s commitment to client service excellence,&rdquo; said James H. Quigley, Deloitte CEO . &ldquo;The results validate Deloitte&#39;s strategy to offer the breadth of services and deep competencies to assist our clients&#39; with their increasingly complex issues &mdash; a range of capabilities unmatched by our competitors. In addition, our member firms&#39; deep understanding of local markets and strong global connections are creating tangible value for both local and international clients.&rdquo;<br /><br />Financial advisory services increased 25.2 percent to $1.89 billion, consulting and tax services each grew 16.5 percent to $5.19 billion and $4.98 billion, respectively and audit services grew by 13.1 percent to $11.08 billion, with strong results in the core assurance services, as well as enterprise risk services. <br /><br />Deloitte member firms also reported growth in each of the primary industry sectors.

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