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Deloitte Australia reports 13% rise in FY2019 revenues

Deloitte Australia has reported revenue of AUD2.3 billion for the financial year ending 31 May 2019 (FY19), an increase of 13% over fiscal year 2018 and a fifth successive year of double-digit growth.

In his first year as Deloitte Australia CEO, Richard Deutsch said: “Our growth momentum in FY19 has been driven right across our advisory businesses. Additionally, audit has continued to grow at a double-digit rate. Deloitte remains strongly committed to the multi-disciplinary model.

“In the wake of the Financial Services Royal Commission, demand remains strong for our conduct and remediation businesses. Deloitte Access Economics continues to influence some of the most important policy debates in the country and the recent release of our Building the Lucky Country report seeks to create debate on the skills opportunity and gap in Australia.

“It is pleasing to note that while the NSW and Victorian markets were the key revenue drivers, every market across the country helped contribute to our success in FY 19.

Deloitte Australia will admit 67 new partners effective 1 July following the promotion of 37 men and 30 women across the country. At 45%, this is the highest ever representation of new female partners. The new cohort takes partner numbers to 880, and includes promotions across every business unit and market. The firm also welcomed 72 lateral partners in FY19.

“These are our future leaders and demonstrate the firm’s commitment to helping our people succeed in whatever they choose to do. Combined with a record intake of 862 graduates in FY19, our firm now has 10,000+ staff, almost double where we were five years ago,” Deutsch said.

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