Professional services and consulting firm Deloitte Ireland has reported a 12% rise in revenues to €479m for the 12 months to the end of May.

The company said this growth was driven by an increased demand for its services.

"Deloitte has seen strong demand for projects to deliver value in digital transformation, climate and assurance services over this period," said Harry Goddard, CEO of Deloitte Ireland.

"Over the last 12 months we've supported clients with complex ESG regulation, embedding climate action into business operations; readied businesses to protect themselves against rising cyber threats and financial crime, driven operational transformation and embedded digital in every layer of their organisation," he added.

Mr Goddard said this year was unique with the emergence of new Generative Artificial Intelligence technologies.

"As we enter a period of unique technology disruption where AI will transform businesses, we believe Deloitte has the ability to assist clients to deploy the technology rapidly and in a manner that will comply with existing and future regulation," he said.

Mr Goddard added that this will be a key focus for the business over the coming years.

In terms of the economic outlook, Mr Goddard said he remains "cautiously optimistic", with "most of the risks on the downside."

"This optimism is grounded in the performance and resilience of the domestic economy," he said.

"The downside risks include the impact of interest rates, the performance of the economies of some key trading partners and geopolitical tensions," he added.

Mr Goddard said over the medium-term, the company is planning for continued growth.

"While there are stubborn sticky challenges on infrastructure and key skills, the resilience demonstrated over the last few years give cause for cautious optimism," he said.

Back in June, Deloitte Ireland announced 300 new jobs in Cork.

The majority of the jobs are being created through the establishment of a Cork-based Technology and Analytics hub, with the roles being delivered over the next three years.

"Innovations such as this investment will be at the heart of how we will serve our clients into the future," Mr Goddard said.