Deloitte on Path to Success | AccountingWEB

Deloitte on Path to Success

Revenue growth at Deloitte Touche Tohmatsu has fallen to 14.1% - down from the 21% figure achieved for the last financial year, but marking seven consecutive years of growth.

Annual global revenue reached $11.2 billion for the new year-end of May 31, 2000 - previously, the firm's fiscal year closed on August 31. Revenue from the firm's practice grew 15.4% and the consulting arm was up 11%.

The Big Five firm also announced that it was determined to keep its consultancy business. Deloitte CEO James Copeland said: "Deloitte continues to enjoy a tremendous competitive advantage by being able to provide solutions through our multidisciplinary approach to our growing list of global clients.

"We remain committed to a successful strategy of maintaining a multidisciplinary approach; one that provides the valuable synergy of consultative and audit services to provide unparalleled client service."

The 14.1% growth matches that of Ernst & Young, but is below the 17% of rival KPMG. Copeland sounded a warning note to them: "We're poised to become the second largest firm in the Big Five with excellent prospects of ultimately being the largest firm."

Successful human resource programs are helping the firm win the war for talent, he added. Recent achievements in this area include being the only Big Five firm named in Fortune magazine's list of 100 Best Companies to Work For in the US for the fourth consecutive year.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.