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Deloitte Australia has announced record revenue, up 15 per cent for the year ending 31 May 2015.
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Deloitte announces record revenue
17 June 2015
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The top four firm recorded total revenue of $1.336 billion for the year and, despite the fact the firm does not release earnings numbers, chief executive Cindy Hook said profitability is also up.
“It is also pleasing that this growth has not come at the cost of profitability which has also grown significantly over the prior year,” Ms Hook said.
The firm acquired six businesses throughout the year and appointed 109 new partners – 58 through promotion, while 51 joined the firm as lateral hires or through transactions.
Ms Hook said the firm's year-end results show clearly that Deloitte has "a compelling perspective" on what is driving disruption in the marketplace and is making good investment decisions accordingly.
“We understand what organisations need to do to survive and thrive in a world of rapid change, and have the capabilities to enable business transformations,” she said.
The firm announced “outstanding” growth in its consulting and risk advisory business lines, with “solid” growth in its heritage service offerings of assurance and tax, as well as by financial advisory services and its mid-market and private company practice, Deloitte Private.
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When taking over as CEO from Giam Swiegers earlier this year, Ms Hook made a commitment to build on the firm’s strong foundations, momentum and differentiation in the market; these results indicate she is making good on her commitment.
“Integrating technology-based solutions with the quality, custom-designed experiences clients now want is fundamental to future business success,” Ms Hook said.
“I am passionate about creating the rich and diverse talent pool necessary to ensure we continue to be leaders in innovation, while challenging ourselves to be disruptors of our own profession.”
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