In 2007, Deloitte Touche Tohmatsu announced a landmark financial performance, reporting an increase in aggregate member firm revenues to US$23.1 billion. This figure represented a substantial growth of 15.5 percent in U.S. dollars and 12.6 percent in local currencies, marking Deloitte’s fifth consecutive year of double-digit revenue growth from ongoing operations. The details were outlined in Deloitte Touche Tohmatsu’s 2007 Worldwide Member Firms Review, titled ‘Milestones on the Journey,’ which was released in Cape Town, South Africa.
Global CEO of Deloitte, James H. Quigley, expressed his satisfaction with the company’s performance, attributing it to a strong commitment to client service excellence. He emphasized that Deloitte’s strategy of providing a broad range of services and specialized expertise enabled them to assist clients with increasingly complex challenges, giving them an edge over competitors.
Specifically, financial advisory services experienced significant growth, increasing by 25.2 percent to US$1.89 billion. Consulting services rose by 16.5 percent to US$5.19 billion, while tax services also saw a 16.5 percent increase, reaching US$4.98 billion. Audit services grew by 13.1 percent, totaling US$11.08 billion. The Americas region showed an 11.9 percent increase, reaching $11.49 billion, and the Europe-Mideast-Africa region grew by 12.6 percent to US$9.18 billion.
Looking ahead, Mr. Quigley remained optimistic about Deloitte’s future success. He asserted that the organization was better equipped than ever to navigate emerging challenges and support clients. Deloitte planned to continue investing in its workforce and developing innovative products and services.
Mr. Quigley highlighted recruitment and retention as crucial factors in sustaining Deloitte’s growth. He emphasized the importance of Deloitte being a preferred employer for talented individuals, whether recent graduates or experienced professionals from countries around the world. He stated, “My goal is for Deloitte to be globally recognized for providing the challenging work environment, continuous learning opportunities, and inclusive culture to help people achieve personal and career satisfaction.”