Deloitte Touche Tohmatsu announced  its earnings yesterday for the fiscal year 2011. Considered as one of the world’s biggest accounting and consulting firm, the company has posted its highest revenue in three years. Deloitte earned revenue of $28.8 billion which is higher than the previous year by 8.4 percent in dollars and 7.7 percent in local currency.

The bullish demand for data analytics and M&A transaction services have fueled Deloitte’s revenues. In the areas of financial advisory and consulting, it gained 15.1 percent and 14.9 percent growth respectively.

In the field of analytics, Deloitte supports clients in such areas as business intelligence, forensic and regulatory investigations, performance management, advanced analytics, data mining and predictive modeling, data visualization and data management.

Emerging markets such as China, India and Brazil has helped the company’s growth in the financial advisory area. Deloitte sees the Asia-Pacific as the fastest-growing region for the seventh consecutive year. Member firms within the region have earned 15.8 percent growth. Particularly, Deloitte China experienced 8.3 percent growth. Fast growing markets in India and Australia have helped member firms to achieve over 25% growth. Europe had some of the slowest overall growth.

Deloitte boosted its workforce by hiring 49,000 employees in 2011, with 37,000 employees lost due to retirement and other turnovers. This led to a net of 12,000 positions filled which represents a 7.1 percent increase in headcount. The company sees further increasing its overall headcount to 250,000 employees by 2015.

Services Angle

Despite the financial crisis in the US and Canada, Deloitte has managed to boost its revenues. It is evident that the increased M&A activities in emerging markets have helped the company to post its highest revenue since 2008.