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Deloitte achieves new milestone.

Deloitte Touche Tohmatsu Limited (DTTL) announced that its member firms have risen to become the largest private professional services organisation in the world for the first time in its history.

With this milestone, Deloitte surpasses all competitors in the private professional services category to become the market leader based on revenue and headcount. As of the fiscal year ended May 31, 2010, Deloitte had aggregate member firm revenues of $26.578 billion ($26.6 billion) and employed approximately 170,000 people worldwide, including nearly 35 per cent in priority markets.

"When Deloitte Haskins & Sells and Touche Ross & Co. merged in 1989 to form our modern organization, we were the smallest of what was then the Big Eight. Over the years, our goal was never to be the largest--we have always aimed to be the best, to be the standard of excellence," said DTTL Global CEO Jim Quigley.

Over the years, Deloitte has consistently closed the gap and widened the lead among its major competitors. In fact, over the last five years, Deloitte was the fastest-growing private professional services organisation based on total revenue among the Big Four, he added.

During the period from 2005-2009, Deloitte outgrew its peers by 2.7 to 3.3 percentage points annually. The organisation has achieved its leadership position through a combination of organic growth, strategic acquisitions, a focus on quality, and bold investments in priority and emerging markets.

"As the global marketplace shifts and the business landscape continues to be redefined, Deloitte is focused on building the scale and breadth required to address their clients' most complex challenges, and on helping clients capitalise on emerging business opportunities," stated Manoj Singh, global managing director, DTTL Operations.- TradeArabia News Service

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Publication:TradeArabia (Manama, Bahrain)
Article Type:Company overview
Date:Oct 10, 2010
Words:304
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