Deloitte has reported a 9.5% increase in its aggregate network revenue as it took $36.8bn (£27.6bn) worldwide for the fiscal year ended 31 May 2016
Growth across all geographies and service areas saw improved fee income in its five main service lines: audit, consulting, financial advisory, risk advisory and tax & legal.
Risk Advisory grew the most at 22.5%, driven by high demand for cyber and regulatory services. Consulting grew at 10.8%, fuelled, Deloitte said, by increasing demand for services supporting large-scale digital transformation, systems implementation, human resources and strategy projects. Tax & legal grew 10%, the highest growth since 2008.
In August, Deloitte’s UK arm announced a £313m rise in fee income in the year to 31 May 2016, topping £3bn for the first time, although UK senior partner and chief executive David Sproul warned Brexit could dampen results in future.
‘Deloitte’s growth last year is a reflection of the tangible value and high-quality professional services we provide to our clients,’ said Punit Renjen, Deloitte Global CEO. ‘Deloitte takes pride in helping clients succeed in a global business environment marked by volatility and digital disruption and in our role as stewards helping ensure the proper functioning of global financial markets.’
Over the year, the firm’s headcount grew by 8.5%, as it hired nearly 72,000 people, taking the total global workforce of 244,400.
