Deloitte Announces Record Financial Performance
<strong>Cape Town, South Africa — 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’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‘s revenues were reported in the Deloitte Touche Tohmatsu Worldwide Member Firms 2007 Review, “Milestones on the Journey.” <br /><br />“We are delighted with our performance, which reflects our people's commitment to client service excellence,” said James H. Quigley, Deloitte CEO . “The results validate Deloitte's strategy to offer the breadth of services and deep competencies to assist our clients' with their increasingly complex issues — a range of capabilities unmatched by our competitors. In addition, our member firms' deep understanding of local markets and strong global connections are creating tangible value for both local and international clients.”<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.