FINANCIAL RESULTS
Deloitte Netherlands revenue drops 5 percent
Deloitte Netherlands revenue has dropped 5
percent from €748 million ($1.1 billion) to €709 million for the
2008/2009 financial year.
“Deloitte has, given the market circumstances,
realised a very healthy turnover. We’ve been able to strengthen our
position, particularly in the public and financial services
sectors. We also keep investing in our people and in innovation,”
Deloitte chairman Roger Dassen said.
Audit
services revenue decreased by 2 percent due to an increase in
pricing pressure while tax services dropped by 6 percent, which the
firm said was related to the reduction of its M&A
services.
However, consulting services had growth of 1
percent for the year and financial advisory services revenue
remained stable. Staff also felt the effects of the economic
downturn with numbers dropping by 163 down to 5,489 staff for the
2009 fiscal year.
The
firm said the drop was due to the sale of some parts of the
business and the departure of about 130 employees who were made
redundant in a number of its business units, including consulting.
Deloitte still expects to employ about 400 graduates in the coming
fiscal year.
FINANCIAL RESULTS
Ireland market leader revenue down
Ireland’s largest professional services firm has
recorded a 6.5 percent drop to its all-Ireland fee income to €332
million ($491 million) for the year to 30 June 2009.
PricewaterhouseCoopers (PwC) Ireland recorded revenues to €355
million in 2008.
The
firm was the highest fee earning firm reporting all-Ireland
figures, according to the International Accounting
Bulletin’s Irish survey in August last year.
PwC Republic of Ireland senior partner
Ronan Murphy said it had been a very difficult year both for
clients and the firm.
“What started as a financial
correction, stemming from problems in one area of the US mortgage
market, quickly spread to become a global economic crisis with
far-reaching business consequences for Ireland,” he said.
Murphy said business restructuring,
cost control, performance improvement, reward and pension planning,
and helping multinational companies to establish new operations in
Ireland were the service lines that had the strongest performance
in the past year.
PwC all-Ireland staff numbers stood at
2,673 to 30 June.
