08:43 AM EDT, 05/24/2024 (MT Newswires) -- Booz Allen Hamilton ( BAH ) on Friday logged better-than-expected fiscal fourth-quarter results, while the technology and management consulting firm gave an annual outlook that's above the previous fiscal year's result.

Per-share adjusted earnings are anticipated to come in between $5.80 and $6.05 for fiscal 2025, while revenue growth is pegged at 8% to 11%. The consensus on Capital IQ is for normalized EPS of $5.92 and revenue of $11.48 billion. In fiscal 2024, adjusted EPS rose to $5.50 from $4.56 the year before, while revenue jumped 15% to $10.66 billion.

"We entered this fiscal year with significant momentum, but anticipate continued uncertainty from societal and geopolitical conflicts, the upcoming election and possible disagreements about the next budget cycle," Chief Financial Officer Matthew Calderone said during an earnings call, according to a Capital IQ transcript. "We are positioning our business for continued growth to keep driving forward, to keep compounding."

For the March quarter, the company posted adjusted EPS of $1.33, up from $1.01 the year before, topping the Street's view for $1.23. Revenue climbed 14% to $2.77 billion, ahead of analysts' $2.72 billion estimate. Excluding billable expenses, revenue advanced 14% to $1.93 billion.

Revenue growth was mainly driven by robust demand as well as an increase in headcount, the company said. At the end of March, total headcount gained 7.2% versus the prior-year period. Total backlog rose by 8.4% to $33.8 billion.

Total operating costs and expenses widened to $2.51 billion from $2.48 billion on an annual basis.

"While we completed no acquisitions last fiscal year, strategic acquisitions are still an important part of our capital deployment strategy as we focus on bringing technology to mission at speed and scale," Calderone said on the call. "We are pursuing a healthy pipeline of small to midsize tuck-ins."

Meanwhile, Chief Executive Horacio Rozanski on the call said Ralph Shrader will retire as the company's chair, effective at its July 24 annual shareholders meeting. Rozanski will succeed Shrader as chair and continue as CEO.

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