• Register
Return to: Home > News > Big Four > Deloitte increases global revenues by 5.4% and staff by 8%

Deloitte increases global revenues by 5.4% and staff by 8%

Deloitte has reported annual global revenues of USD $38.8bn for the year ending 31 May 2017, up 5.4% from the previous year (USD $36.8bn).

Asia Pacific was Deloitte’s fastest growing region in local currency (9%), followed by Europe, Middle East, and Africa at 8.6% in local currency and the Americas 5.6% in local currency.

Deloitte's revenues in risk advisory services grew by 12.9% driven by acquisitions in the cyber sector and investment in robotic process automation, risk sensing and predictive analytics. Consulting grew 10.2% and tax and legal went up 6.6%. Growth in China and the expansion of the Asia Pacific Financial Crime Network led to a 5.8% rise in financial advisory revenues, but audit and assurance only grew by 1% as a result of major capital investments.

Deloitte also increased its workforce by 8%, amounting to 263,900 global employees, compared to 244,400 the previous year. The majority of recruitment took place in the Asia Pacific with a 10.4% increase in staff in that region.

Race to the top:
PwC is yet to release its financial result for FY17, but in FY16 it reported revenues of $35.9bn meaning it would need at least 8% growth in 2017 to overtake Deloitte at the top of the ranking table…. answer to come in October.

Top Content

    Time pressure: Facing up to mental health

    In an ‘always on’ culture, it is becoming increasingly difficult to manage a healthy work-life balance. While companies are beginning to address this problem by introducing different support systems, Joe Pickard finds more could be done to ensure the wellbeing of the professions workforce.

    read more

    Venezuela: the race for the dollar

    With a new currency following hyperinflation, large sections of the population emigrating to neighbouring countries, an economy on the brink of collapse and no apparent solution coming from the government, Jonathan Minter finds a profession struggling to stay afloat in Venezuela.

    read more

    Brazil: transparency and control

    Brazilian accountants have an optimistic view of the impact of more-regular reporting and the implications of audit controversies for the profession. Paul Golden reports.

    read more

    Argentina: looking for a clearer view

    The Argentine accounting profession continues to grapple with the impacts of a weak economy and a culture of financial corruption. Paul Golden takes a closer look.

    read more

    Blockchain: adapting to disruptive tech

    In the relatively few years since digital currencies first began using blockchain technology, the array of potential applications has grown significantly – and continues to expand. Dan Balla, Matthew Schell and Dave Uhryniak from Crowe look at how it impacts accountancy.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.