New York, NY 15 September 2020 — Deloitte today reported aggregate global revenue of US$47.6 billion for the fiscal year ending 31 May 2020 (FY2020), a 5.5 percent increase in local currency* and 3.9 percent increase in US dollars. In the first nine months of FY2020, prior to the effects of the pandemic and global slowdown, the aggregate growth rate was 8.9 percent in local currency and 7.5 percent in US dollars, with all Deloitte businesses and regions experiencing growth.
“FY2020 has been a tale of two halves. In the first part of the year, we were serving our clients, people, and communities as normal, then the COVID-19 pandemic struck, bringing with it a level of global disruption we’ve rarely seen in our 175-year history,” said Punit Renjen, Deloitte Global CEO. “Our number one priority has remained the health and safety of our people. From the beginning, we adopted a ‘people-first’ approach recognizing that we all needed flexibility and support to adjust to the new normal. Amidst a tragedy that has affected millions, we continue to focus on our professionals’ mental and physical wellbeing as well as addressing the pandemic’s profound impact on our clients and communities.”
Deloitte’s actions have been guided by our resilient leadership framework – Respond, Recover, and Thrive. Looking ahead to FY2021, Deloitte’s commitment to building a better future means preparing clients to navigate further disruption while we contribute to a society that is more sustainable and equitable for all.
Respond: As the pandemic spread worldwide precipitating a global lockdown, Deloitte prioritized safety and business continuity, while supporting communities in need
Supporting employees and clients
Almost overnight, we virtualized the business to prioritize employee safety and continuous business operations. We leveraged our expertise with flexible working solutions by adopting technologies that enabled seamless virtual collaboration, and we adjusted schedules to accommodate team member, client, and family obligations. We also accelerated the rollout of a personalized virtual learning platform, which enabled the rapid transition from in-person to online learning experiences. This new digital learning platform provides our professionals with access to skills training and the latest business and industry knowledge.