Jabil expects its revenue growth to continue in the year ahead amid a ramp up in artificial-intelligence-related demand.

The guidance came as the manufacturing company recorded higher profit and revenue in the latest quarter that topped Wall Street's estimates.

For the current fiscal year, Jabil forecast revenue of $44.5 billion, or up 24%, and adjusted earnings per share of $17.55. Analysts polled by FactSet expect revenue of $42.82 billion and adjusted earnings of $16.87 a share for the year.

Jabil said the outlook reflects accelerating AI demand as well as growth in automotive, healthcare, energy infrastructure, defense and aerospace, and warehouse and retail automation.

"This breadth of growth, together with expanding customer relationships and committed business supporting our new capacity, gives us confidence in the year ahead," Chief Executive Mike Dastoor said.

For the current fiscal first quarter, Jabil guided for adjusted earnings of $3.80 to $4.20 and revenue of $10.6 billion to $11.4 billion. Analysts forecast adjusted earnings of $3.64 a share on revenue of $9.99 billion.

The projections came alongside Jabil's fourth-quarter results, which showed an increase in both profit and revenue. Dastoor said the company has made progress in taking on more of its customers' engineering and manufacturing complexity while maintaining an asset-light model.

Fourth-quarter profit was $398 million, or $3.76 a share, compared with $218 million, or $1.99 a share, a year earlier.

Adjusted earnings per share were $4.40, compared with analyst estimates of $4.07, according to FactSet.

Revenue rose to $10.62 billion from $8.25 billion, compared with analyst estimates of $9.71 billion.