Deloitte ME posts solid revenue growth
Dubai, September 17, 2013
Deloitte, a leading firm providing audit, tax and financial advisory services in the region, said it has registered double digit revenue growth in the Middle East ahead of other world markets.
The increased demand for a broad range of client services saw Deloitte grow for the fourth consecutive year, with its member firm network revenues of $32.4 billion for the fiscal year ending May 31, 2013.
The network experienced healthy growth across all businesses and regions – in local currency – due to strong demand for Deloitte’s capabilities and services, as clients manage complexity and uncertainty while investing in growth.
The strengthening of the US dollar towards the end of Deloitte’s fiscal year meant the network’s 3.5 per cent growth was higher in local currency at 5.6 per cent.
Commenting on the growth, Omar Fahoum, the chairman and chief executive, Deloitte Middle East said, “Our continued growth globally and in the Middle East is a true testament to Deloitte's client-centric approach. Deloitte has made strategic investments in important markets, the right businesses and talented people. As a result, Deloitte is helping many more clients navigate the changing business environment.”
“Despite major economic fluctuations in some regions, clients are seeking the full range of Deloitte’s services and advice as they invest in innovation and other catalysts of growth,” he stated.
According to him, the demand for Deloitte’s world-class services, uniquely tailored to clients’ evolving needs in distinct industry sectors and markets, has created successive years of growth.
"Deloitte has a relentless focus on quality - in our solutions, advice and people - to ensure the highest standards are maintained. Nowhere is quality more important than the independent audit - key to protecting the investing public and capital markets, and Deloitte takes pride in the important role we play."
"As such, we are focused in two important arenas: engaging with regulators and other stakeholders worldwide to promote reforms that improve quality for all parties; and, innovating a wide range of measures and programs to maintain and build our professional excellence," stated Fahoum.
An integral component to this is the latest generation of Deloitte’s audit platform, Deloitte Audit. "This comprehensive suite of capabilities delivers an insightful, customized audit approach focusing on the most important issues and risks. This helps ensure a consistent execution of high quality audits, leveraging scalable content and technology, while providing quality service to our clients worldwide."
Deloitte is making large investments in talent to provide clients with high quality services as they navigate a challenging environment, he added.
Deloitte continued its focus on hiring, developing, and retaining top talent as a driver of business activity. In FY13, the network hired 51,400 professionals; its total workforce now exceeds 200,000 professionals, which marks a significant milestone for the organization.
“Delivering superior service to our clients is at the heart of what we do. Deloitte University EMEA is an investment in the professional development of our people, and providing an environment which creates a compelling learning environment is key to that growth,” said Fahoum.
“Deloitte University EMEA will be a place where firms can share their diverse perspectives and experiences, and create a consistent standard of excellence that will be reflected in the work we do every day,” he added.-TradeArabia News Service