Friday 19 October 2018

Deloitte achieves 8th year of solid growth

DUBAI, October 9, 2017

Deloitte, a leading professional services firm, marked its eighth consecutive year of solid growth for the fiscal year ended May 31, 2017 (FY2017) fuelled by organic growth, strategic alliances, and acquisitions in its various businesses, industries and regions.

“Deloitte’s revenue growth is attributable to two factors,” remarked Punit Renjen, Deloitte Global CEO.

“First, our multi-disciplinary business model continues to be a source of competitive strength and second, clients have choices and they are increasingly choosing Deloitte to help them navigate change and reinvent themselves in a constantly evolving global business environment,” he stated.

Omar Fahoum, CEO, Deloitte - Middle East, said: “2017 marks our 91st year in the Middle East with continued presence since 1926. With close to 800 new hires last year, Deloitte continues to play a vital role in the growth of the professional services sector in this region.”

“Our commitment to serving our people, clients and the society with the highest standards of skills and deep industry knowledge is unwavering. We continue to make an impact that matters,” he stated.

With a continued focus on creating an impact for clients across all geographies and service areas, Deloitte achieved growth in each of its five business areas—audit and assurance, consulting, financial advisory, risk advisory and tax and legal.

Among the industries driving Deloitte’s growth in FY2017 were technology, media and telecommunications and consumer and industrial products; each grew revenue over 9 per cent on a local currency basis, said the company in its statement.

Asia Pacific revenue grew fastest among the regions at 9 per cent, followed by Europe, Middle East, and Africa at 8.6 per cent and the Americas at 5.6 per cent in local currency, it added.

Increasing disruption, complexity, and the exponential speed of change has created unprecedented challenges and opportunities for clients.

Deloitte’s ability to integrate deep industry insights and experience with a broad range of professional disciplines, has allowed it to help clients get to the future faster, said the statement.

The company’s ability to orchestrate ecosystems and build alliances with leading digital innovators including Amazon Web Services, Facebook, HP, Oracle, and SAP enhances its ability to offer comprehensive solutions that address clients’ toughest business transformation and technology challenges.

Through these ecosystems, Deloitte helps clients identify potential disruptors, develop strategies to address disruption and execute on business transformation activities such as new services, products, business models, and markets, said Renjen.

"Deloitte continually builds on our capacity to deliver the depth and breadth of expertise, insight and quality our clients demand and deserve. As a result, we are a recognised leader in helping clients adapt and thrive in an intensely competitive global economy," he noted.

"We are making strategic investments in integrating transformational technologies and data analytics into its solutions and products across its businesses in order to drive greater value for clients," he added.-TradeArabia News Service

Tags: | growth | Deloitte |

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