OREANDA-NEWS. On July 29, 2008 Deloitte Touche Tohmatsu (“Deloitte”) announced that fiscal year 2008 aggregate member firm revenue increased by 18.6 percent in U.S. dollars, and 13.0 percent in local currencies, to US27.4 billion, reported the press-centre of Deloitte.

This marks Deloitte’s sixth consecutive year of U.S. dollar double-digit revenue growth from continuing operations. Every service line and every geographic region delivered strong growth. Deloitte aggregate revenues were US23.1 billion in FY2007.

When announcing the results, Deloitte Global CEO Jim Quigley said, “Our people’s continued focus on excellence and their demonstrated ability to work together across geographies to meet our clients’ needs is fundamental to our success. Our results show that our client-centric business model built upon a global culture of consultation and collaboration—and delivery through strong member firms with global connections—is a winning strategy.”

In the past year, Deloitte grew by approximately 15,000 people with considerable growth in the emerging markets. Deloitte’s firms in Brazil, Russia, India, and China (“BRIC”) have experienced 90 percent growth in the number of professionals in the past three years. Globally, Deloitte now has approximately 165,000 people operating in approximately 140 countries.

Deloitte, CIS grew by approximately 3700 people with 70 percent growth in the number of professionals in the last year.

Quigley continued, “Our strong global culture unites all of our people, bringing consistency to everything we do. We are focused on providing the same high quality Deloitte experience to all of our clients regardless of their size or geographic location.

“Our culture is clearly our strength, and our firms are committed to its ongoing development. This was evidenced earlier this month in the United States, where our U.S. member firm announced a US300 million investment to build a state of the art learning and development center for our people. The decision to build Deloitte University is a very significant and tangible commitment to our talent and to the importance of our culture.”

Deloitte also remains committed to building upon its strong reputation as a responsible global citizen. Its professionals have always been passionate about making a positive impact on the communities in which they work and live. Today, they are more dedicated than ever to strengthening corporate responsibility. As DTT Chairman John Connolly notes, "It's the right thing for all businesses to play their part in the overall corporate responsibility agenda. At Deloitte we recognize corporate responsibility as a strategic priority and strive to significantly elevate our impact on a global level."

Financial Advisory services grew at 26.6 percent to US2.4 billion, followed by consulting services at 22.2 percent to US6.3 billion, tax and legal at 20.4 percent to US6.0 billion, and audit at 14.8 percent to US12.7 billion.

Asia Pacific led with revenue growth of 30.3 percent to US3.2 billion, with every Asia Pacific member firm delivering double-digit revenue growth. Europe, the Middle East, and Africa increased revenue by 22.6 percent to US11.3 billion, with CIS growing at 40.8 percent. The Americas improved revenues by 12.9 percent to US13.0 billion, with Latin America and the Caribbean leading the region, with 22.4 percent revenue growth.

Quigley remains confident about Deloitte’s continued success because of the strength of its model, which combines local depth and global scale. “These are clearly uncertain economic times. Our focus on innovation together with our strong global culture and diversity of skills will enhance our ability to assist our clients as they compete in these turbulent times. At Deloitte, we remain focused on our long-term success and will continue to invest in our people, new products and services, and maintain our long-standing commitment to corporate responsibility," he said.

Details of the DTT financial results and its firms’ approach to clients and people are available on www.deloitte.com.

About Deloitte, CIS
Deloitte in the CIS is the CIS member firm of Deloitte Touche Tohmatsu, and services are provided by Deloitte in the CIS and its subsidiaries. Deloitte in the CIS is among the nation's leading professional services firms, providing audit, tax, consulting, and financial advisory services through about 3500 people in Moscow, St. Petersburg, Yuzhno-Sakhalinsk, Kyiv, Minsk, Baku, Tbilisi, Almaty, Astana, Atyrau, Bishkek, Tashkent and Dushanbe. Known as an employer of choice for innovative human resources programs, it is dedicated to helping its clients and its people excel. For more information, please visit the CIS member firm’s website at www.deloitte.ru.

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries.

With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting and financial advisory services—and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.

As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names.