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Deloitte announces record global revenue

14/09/2017 News Team

Deloitte Global has reported aggregate member firm revenue of $38.8 billion for the fiscal year ended 31 May 2017 (FY2017), representing a 7.1 percent revenue increase in local currency terms or a $2 billion revenue increase and 8.3 percent two-year CAGR (compound annual growth rate). 

"Deloitte's revenue growth is attributable to two factors," said Punit Renjen, Deloitte global chief executive. "First, our multi-disciplinary business model continues to be a source of competitive strength. Second, clients have choices and they are increasingly choosing Deloitte to help them navigate change and reinvent themselves in a constantly evolving global business environment."

The firm achieved growth in each of its five business areas - audit & assurance, consulting, financial advisory, risk advisory and tax & legal. 

Risk advisory revenue grew the fastest at 12.9 percent, consulting revenue grew at 10.2 percent, tax & legal revenue grew at 6.6 percent, financial advisory revenue grew 5.8 percent, and audit & assurance revenue grew by one percent. 

Geographically, Asia Pacific revenue grew fastest among the regions at nine percent, followed by Europe, Middle East, and Africa at 8.6 percent and the Americas at 5.6 percent in local currency.  

At the same time in FY2017, Deloitte increased its workforce in all geographic regions and businesses, with nearly 70,000 new professionals, an increase of eight percent from FY2016 – the equivalent of one person hired every eight minutes. 

Headcount growth was led by Asia Pacific among the regions at 10.4 percent, and by consulting and risk 

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