Deloitte reports record FY2023 revenue

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Deloitte has recently announced its FY2023 results with a reported aggregate global revenue of $64.9bn for the fiscal year ending 31 May, 2023, a 14.9 percent increase in local currency from FY2022.

Among Deloitte’s businesses, Consulting revenue grew the fastest at 19.1 percent in local currency, followed by Risk Advisory, which demonstrated a 17.5 percent growth. Americas proved to grow the fastest at 17.5 percent, followed by EMEA at 12.6 percent. Audit and Assurance revenue grew 13.8 percent in local currency, tax and legal revenue grew 9.1 percent in local currency and Financial Advisory revenue grew 4.7 percent in local currency.

On a global scale, the company’s workforce has expanded to approximately 457,000 and with this, its commitment to providing career opportunities, resources and an inclusive culture remains unchanged as it continues to invest in enhancing learning and development, diversity, equity and inclusion, mental health and well-being for all colleagues. Last year, the company welcomed more than 4,500 new colleagues and an additional 2,500 graduates and apprentices across the UK.

Deloitte’s successful year can be explained by its many strategic investments and partnerships. An example of this is the company’s announcement of the expansion of its strategic partnership with NVIDIA to leverage its AI technology and expertise to build high-performing GenAI solutions.

Joe Ucuzoglu, Deloitte global CEO, said: “In an environment of increasing complexity and an accelerated pace of technology-driven change around the globe, Deloitte’s unrivalled breadth of expertise within our multidisciplinary model continues to differentiate us in the marketplace.

“This is an environment that places increasing value on diversity of thought and interdisciplinary solutions, playing directly to our strengths. Amidst transformative advances in technology and a dynamic economic and geopolitical landscape, our people take great pride in upholding the public’s trust and helping clients and communities successfully navigate many of the most complex challenges for our time.”

Deloitte continues to invest in sustainability initiatives in the effort to help businesses go green as it promises to invest more than $3bn over the next 10 years in societal impact. Recently the firm announced a sustainability initiative with Google Cloud to help clients mitigate climate risks, adopt green solutions and unlock the value of low-carbon products. Additionally, as a member of the First Movers Coalition, Deloitte and Salesforce launched the Sustainable Aviation Challenge.