Dublin-based IT services major Accenture reported strong fourth-quarter results for fiscal year 2024, with revenue reaching $16.4 billion, compared with $15.99 billion for the fourth quarter of fiscal 2023—registering an increase of 3% in dollar terms and 5% in the local currency.

The company’s GAAP operating margin rose to 14.3%, marking a 230 basis point improvement, while the adjusted operating margin reached 15.0%, up by 10 basis points.

The Dublin-based IT services firm also reported robust new bookings—a key metric indicating the value of customer contracts with spending commitments—of $20.1 billion for the quarter, reflecting continued demand for its services, particularly in generative AI and digital transformation.

Free cash flow for the quarter amounted to $3.2 billion, bringing the full-year total to $8.6 billion. Looking ahead to fiscal year 2025, Accenture expects revenue growth of 3% to 6% in local currency.

The company has also projected GAAP earnings per share (EPS) in the range of $12.55 to $12.91, reflecting a 5% to 8% increase from its adjusted EPS for fiscal 2024.

Accenture also announced a share buyback of $4.0 billion. Shares of the company were up nearly 7% in premarket trading.

In an exchange filing, Julie Sweet, chair and CEO, Accenture, said, “Our performance in fiscal year 2024 demonstrates the resilience and agility of our business model, the power of our scale and reinvention in action. We delivered full-fiscal year new bookings of $81 billion, including a record 125 quarterly client bookings of more than $100 million, and now have 310 Diamond clients, our largest relationships. We continue to accelerate our leadership in Generative AI, which we believe is the most transformative technology of the next decade, delivering $3 billion in new bookings for the year. Our successful strategy to lead reinvention for clients and continued investments in our business have positioned Accenture for strong growth in fiscal 2025.”