Deloitte's revenue hits $1.7bn

Professional services firm Deloitte has posted a 15 per cent increase in revenue for the 12 months to May, as strong performance in its east coast operations offset challenging conditions in Western Australia.

Deloitte posted $1.76 billion in revenue for the year ending in May, up 15 per cent on the previous year and marking 15 per cent growth over three years.

“What pleases me most about this year’s strong performance is that our success is shared across all our business units and most of our offices, especially on the eastern seaboard,” Deloitte Australia chief executive Cindy Hook said.

The firm’s WA managing director, Michael McNulty, said despite continued challenging conditions in the state compared to the rest of Australia, there were green shoots of growth in selective sectors as the local economy transitions.

“With the structural changes in the Western Australia economy, Deloitte is well placed to support clients seeking to capitalise as confidence improves, whether across the commodities complex or in new export orientated growth markets,” he said.

“What we do know is Western Australia’s long-term opportunities continue to lie towards markets in Asia and the close work Deloitte has done with its member firms to our north will give our clients an edge as they look to the future.”

Mr McNulty also announced the promotion of four new partners in Deloitte’s Perth office, being Jonny McCormick (consulting), Nicole Menezes (Deloitte private), How Boon Tay (risk advisory), and Zubin Sadri (tax).

“Our new partners have deep experience across a range of skills and industries in both the public and private sectors,” Mr McNulty said.

“They are a clear demonstration of our commitment to investing in our people and developing talent.”

Looking forward, Ms Hook said Deloitte was placing a new focus on global, especially the Asian market, with senior leaders working closer with colleagues in Japan, China, South East Asia and India.

“We are harnessing the experiences and know-how of professionals from across the world’s number one professional services firm which is enabling us to link the best Deloitte is able to offer globally in responding to the needs of our clients,” she said.