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June 29, 2016

Deloitte Australia revenue up 15% to A$1.5bn

Deloitte Australia reported revenue of A$1,530bn for year ending 31 May 2016, an increase of 15%.

This is the second year running of double digit growth for the firm, which saw revenue increase 15% in 2015 as well.

The double digit growth was achieved under the leadership of Cindy Hook, who was appointed in December 2014 as the first female leader of a Big Four firm in Australia.

The result maintains Deloitte’s rank as the second largest firm in Australia, with PwC likely to maintain poll position as its 2015 revenue was at A$1.7bn. PwC Australia is yet to release its 2016 results.

Deloitte Australia said it reported growth across most of its service lines; however consulting, risk advisory and assurance & advisory were particularly strong.While 74% of the growth was organic, the rest was driven by acquisitions of a cyber security business Qubit, cloud consulting group Cloud Solutions Group, design firm MashUp and SME audit specialist firm Engage Super.

Under Hook’s leadership the firm has also increased the number of female partners and board members.

"Being the firm that leads on diversity and inclusion remains at the forefront of my priorities. I am very proud that 33% of the partners promoted internally are women, increasing the overall female partner percentage to 25% (up from 23% in FY15)." Hook said.

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