Global financial services firm Deloitte has posted record revenue of $34.2 billion for its last financial year.

The head of the firm’s Bermuda and Caribbean arm John Johnston said figures for the Island were not available.

But Mr Johnston said: “Deloitte firms in Bermuda and the Caribbean region experienced moderate growth during 2014.”

He added: “While we make up a relatively small part of the revenues of the our global organisation, we continue to play a key role in serving multinational clients of the network, as well as local interests in Bermuda.”

The firm attributed its global revenue figures, for the year ending in May this year, to increased demand, especially for consulting services, which went up 10.3 percent.

But it also reported strong growth in tax and legal, financial advisory and enterprise risk services.

It is the fifth year running of aggregate member firm growth.

Mr Johnston said: “In Bermuda our focus has been to continually drive audit quality and to grow our advisory offerings, particularly enterprise risk services, actuarial services, corporate recovery and tax.”

He added: “We continue to invest in our people and the Bermuda community and are particularly committed to the development of young Bermudians through our internship and professional qualification programmes.”

The Americas arm of the global empire was the top performer, up 7.5 percent in local currency for the year ended May 31.

The region was followed by Europe, Middle East and Africa, then the Asia Pacific area.

A spokesman for the 150-strong global network of member firms in 150 countries predicted that several factors would drive continued growth over the next year.

He said: “Increasing client needs stemming from globalisation and changes in business models, technology and regulations are expected to drive further opportunities in the year ahead.”

The spokesman added: “The network is also committed to the development of its people and now numbers 210,000 professionals around the globe.”

And he said: “Deloitte continues to invest heavily in innovation, which includes global investment in technology, advanced analytics, new business models and sector-specific solutions, as well as people, to provide top-of-the-line services.

“The audit plays a critical role in building trust in public and capital markets and is also a cornerstone of Deloitte’s work.”