Deloitte's member firms achieved revenues totalling $26.1 billion (£16 billion) for the fiscal year ended May 31st, it has been revealed.
While the sum is a fall of 4.9 per cent in US dollar revenues, it is still an increase of one per cent in local currency terms.
Jim Quigley, the firm's chief executive officer, put this rise down to paying "close attention" to the requirements of its clients during the recession.
However, he did warn that "globalisation and the general pace of change" will continue to present challenges and opportunities to businesses in the future.
For this reason, Deloitte will have to ensure it is in a position to help them succeed and it will do this by focusing on staff development, Mr Quigley added.
Recent research by Deloitte suggests that economic conditions could remain tough for some time to come.
It found that 73 per cent of UK chief financial officers expect only sluggish growth next year.
