Deloitte Touche Tohmatsu 2012 revenues for the year ending May 31, 2012 of US$31.3 billion grew 8.3% growth in local currency terms, rising fastest since 2008
New York, NY (PRWEB) January 16, 2013
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC noted that the Big Four Accounting Firm – Deloitte Touche Tohmatsu, the global firm, reported fiscal 2012 revenues for the year ending May 31, 2012 of US$31.3 billion, a 8.3% growth in local currency terms, but an increase of 8.6% in US dollar terms from 2011 of $28.8 billion. Deloitte revenues grew the strongest since 2008.
By service line, Consulting (and Financial Advisory) was the fastest grower at 15% from $10.9 billion in 2011 to $12.5 billion in 2012. Financial Advisory grew at 15% due to several significant cross-border, cross-functional client engagements, and through acquisitions. Consulting revenue grew by 13.5% by helping clients with their most complex challenges.
Audit and Enterprise Risk Services (ERS) revenue increased 6.0% against 2011 from $12.3 billion to $13.0 billion. Audit grew most rapidly in the priority markets, especially in the Asia Pacific region.
Tax and Legal revenues rose 4.0% against 2011 from $5.6 billion to $5.8 billion. Growth was driven by the continued implementation of enhanced service delivery models in both Compliance & Reporting and Advisory services.
In terms of geography, Americas increased 8.0% from $14.3 billion in 2011 to $15.4 billion in 2012. Deloitte LATCO member firm grew by 16.3 %. Deloitte United States grew by 9.1 %.
Europe, Middle East and Africa revenues increased 6.4% from $10.3 billion in 2011 to $11.0 billion in 2012. Member firms in Africa, Norway, Greece, and Luxembourg all experienced double-digit growth in local currency. Deloitte UK grew by 11 % in local currency.
Asia Pacific grew 16.3% from $4.2 billion in 2011 to $4.9 billion in 2012, making it the fastest-growing region for the eighth consecutive year. Deloitte India grew by 19 % in local currency. Half of the member firms in the region, including Deloitte China, experienced double-digit growth.
And while this was a remarkable performance, it was unable to help maintain Deloitte’s lead over PwC to continue to be the largest Big Four firm in the world. Its 2012 revenues of $31.3 billion were behind PwC’s 2012 revenues of $31.5 billion by a slim $200 million, after being ahead in 2010 by a miniscule but significant margin of $9 million or 0.03%.
The full analysis is available at http://www.big4.com/analysis.
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