Deloitte Touche Tohmatsu posts $ 31.3 billion revenue

NEW YORK: Deloitte Touche Tohmatsu Limited ( DTTL) today said it has posted consolidated revenues of $ 31.3 billion for the fiscal year ending May 31 and will hire nearly 60,000 professionals in the next three years.

Aggregate revenues grew 8.6 per cent in US dollar terms. The rise in revenues was driven by the robust growth experienced by its member firms across all three major geographic regions, led by results generated in Asia Pacific, the Americas, and a number of developing markets, DTTL said.

As a key driver of the expansion of business activity, Deloitte said it will continue to focus on hiring, developing, and retaining top talent.

"In FY 2012, the Network (Deloitte Touche Tohmatsu and its member firms) hired 51,400 professionals; its total workforce now exceeds 193,000 professionals worldwide and the organisation is well on its way to achieving its growth goal of 250,000 professionals by FY 2015," the DTTL statement said.

"Deloitte has always been highly effective at attracting and retaining the world's best talent," DTTL Global Managing Director, Clients, Services and Talent Roger Dassen said.

Dassen further noted that "given continued market uncertainty, increased regulation, and a competitive job market, it is of utmost importance that Deloitte stay ahead of the curve and develop its professionals so they are well equipped to serve clients."

In the past year, Deloitte served more than 75 per cent of the Global Fortune 500, working with them to address some of their most complex business issues.

In FY2012, Deloitte saw growth across all business lines and industries, with financial advisory and consulting experiencing 15 per cent and 13.5 per cent revenue growth, respectively.