Kevin Reed, Accountancy Age, Monday 13 September 2010 at 14:57:00

Ambitious growth plans for Deloitte as 2010 figures show modest growth,pinned on sections of outstanding performance


Deloittehas grown its global revenues by 1.8% in 2010, as it plans to hire 250,000professionals over the next five years.

Current revenues are $26.6bn (17.3bn), virtually unchanged in local currencycompared with a year earlier. China and India revenues have doubled and tripledrespectively. The firm's headcount for professionals is approximately 170,000.

EMEA revenues fell back 3%, while US revenues increased by the samepercentage. Europe's fees were $9.2bn, a 4.8% fall in local currency.

Across the business, audit declined 1%, financial advisory declined 2% andtax declined 5%.

Consulting revenues grew 15% on the previous year, while public-sectorfocused revenues grew 38%.

The firm also announced its "As One" global strategy, aimed at "enhancing thenetwork?s ability to seamlessly deliver world-class services across borders,while preserving the member firm structure".

"The financial crisis has fundamentally reshaped our economic, regulatory,and business landscapes,? said Deloitte Touche Tohmatsu CEO Jim Quigley.

?Change creates opportunities for both Deloitte and our clients, and Ibelieve that this is the right time to launch the As One strategy."



Further reading:

Deloitterevenues and profit decline