New York, NY (PRWEB) January 16, 2013
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC noted that the Big Four Accounting Firm Deloitte Touche Tohmatsu, the global firm, reported fiscal 2012 revenues for the year ending May 31, 2012 of US$ 31.3 billion, a 8.3% growth in local currency terms, but an increase of 8.6% in US dollar terms from 2011 of $ 28.8 billion. Deloitte revenues grew the strongest since 2008.
By service line, Consulting (and Financial Advisory) was the fastest grower at 15% from $ 10.9 billion in 2011 to $ 12.5 billion in 2012. Financial Advisory grew at 15% due to several significant cross-border, cross-functional client engagements, and through acquisitions. Consulting revenue grew by 13.5% by helping clients with their most complex challenges.
Audit and Enterprise Risk Services (ERS) revenue increased 6.0% against 2011 from $ 12.3 billion to $ 13.0 billion. Audit grew most rapidly in the priority markets, especially in the Asia Pacific region.
Tax and Legal revenues rose 4.0% against 2011 from $ 5.6 billion to $ 5.8 billion. Growth was driven by the continued implementation of enhanced service delivery models in both Compliance & Reporting and Advisory services.
In terms of geography, Americas increased 8.0% from $ 14.3 billion in 2011 to $ 15.4 billion in 2012. Deloitte LATCO member firm grew by 16.3 %. Deloitte United States grew by 9.1 %.
Europe, Middle East and Africa revenues increased 6.4% from $ 10.3 billion in 2011 to $ 11.0 billion in 2012. Member firms in Africa, Norway, Greece, and Luxembourg all experienced double-digit growth in local currency. Deloitte UK grew by 11 % in local currency.
Asia Pacific grew 16.3% from $ 4.2 billion in 2011 to $ 4.9 billion in 2012, making it the fastest-growing region for the eighth consecutive year. Deloitte India grew by 19 % in local currency. Half of the member firms in the region, including Deloitte China, experienced double-digit growth.
And while this was a remarkable performance, it was unable to help maintain Deloittes lead over PwC to continue to be the largest Big Four firm in the world. Its 2012 revenues of $ 31.3 billion were behind PwCs 2012 revenues of $ 31.5 billion by a slim $ 200 million, after being ahead in 2010 by a miniscule but significant margin of $ 9 million or 0.03%.
The full analysis is available at http://www.big4.com/analysis.
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