Deloitte reports a 21 percent increase in global annual revenues, to US$15.1 billion

Deloitte Touche Tohmatsu, the global professional services organization, announced today its tenth consecutive year of annual growth, with combined worldwide revenues from its member firms totaling US$15.1 billion, a 20.8 percent increase over FY2002 revenues of US$12.5 billion. Additionally, the global organization announced the launch of the new brand name “Deloitte” to highlight the value of its multidisciplinary organization. Today’s change means that the firms known in various national and global markets as Deloitte Touche Tohmatsu, Deloitte & Touche, and Deloitte Consulting, while retaining their local legal names, will now be known as the brand “Deloitte.”

William G. Parrett, global chief executive officer, said, “The FY2003 results are a testament to our people’s dedication and commitment to serving our clients, their stakeholders, and the capital markets. We accomplished this growth in a year that witnessed sweeping regulatory changes around the world â€" changes that altered the way our member firms conduct our business.”

Mr. Parrett added, “Our clients’ business challenges in this new environment are more complex than ever before and demand a greater understanding of both the detailed and long-range needs of our clients. The new brand name is a reflection of the greater capability and array of services that we can offer to clients as a multidisciplinary firm. The breadth of our vision and our ability to respond globally is more comprehensive than any other professional services firm.”

Mr. Parrett noted that in FY2003 revenue growth to US$15.1 billion as well as the increase of intellectual capital to some 120,000 people in nearly 150 countries reflect the execution of the firm’s long-term strategy.

In addition to strong overall growth, Deloitte regional member firms expanded substantially. Europe, the Middle East, and Africa saw 44 percent growth, Asia Pacific grew by 12 percent, and in the Americas, the national practices grew by 9 percent.

Source: Deloitte & Touche