Increased demand for a broad range of client services saw Deloitte grow for the fourth consecutive year, with Deloitte member firm network revenues of $32.4 billion for the fiscal year ending May 31, 2013.
The network experienced healthy growth across all businesses and regions due to strong demand for Deloitte’s capabilities and services, as clients manage complexity and uncertainty while investing in growth.
“Our continued growth is a true testament to Deloitte’s client-centric approach. Deloitte has made strategic investments in important markets, the right businesses and talented people. As a result, Deloitte is helping many more clients navigate the changing business environment,” said Barry Salzberg, Global CEO of Deloitte Touche Tohmatsu Ltd.
“Despite major economic fluctuations in some regions, clients are seeking the full range of Deloitte’s services and advice as they invest in innovation and other catalysts of growth.”
In FY13, Deloitte’s continued focus on priority markets resulted in nearly seven per cent growth of these markets in local currency, thus outpacing the rest of the network. Priority markets accounted for nearly one-fifth of Deloitte network revenues and are expected to increase that share in the near future.
Deloitte made nearly 30 strategic acquisitions in key capability areas and geographies. Notably, Deloitte acquired the majority of Monitor, one of the world’s leading strategy consulting firms. Acquisitions will remain a priority to Deloitte’s business strategy in FY14, the firm said.
Deloitte University EMEA was launched over the summer to offer programs uniquely tailored to the region’s needs. More than 50,000 Deloitte professionals from 70 countries have so far attended DU at the Westlake location.
Deloitte continued its focus on hiring, developing, and retaining top talent as a driver of business activity. In FY13, the network hired 51,400 professionals; its total workforce now exceeds 200,000 professionals, which marks a significant milestone for the organisation.
It also invested more than $170 million in communities in FY13 through a combination of skills-based volunteering, pro bono work and donations and over 800,000 volunteer hours.
“Businesses increasingly recognise that their continued success is inextricably linked with social progress. But many challenges facing society today are so complex and far-reaching that no organisation can solve them alone. Governments, community organisations and business must collaborate to drive positive change,” continued Salzberg. “At Deloitte, we’re confident that our investments and contributions will continue to make a difference in 2014.”