Revenue shot up to Rs 58,229 crore for the quarter from Rs 48,885 crore, a growth of 19.1 per cent. The board announced a dividend of Rs 75 per share, including a special dividend of Rs 67 per share

TCS shares surged by 3.35 per cent to Rs 3,319.70 on the BSE ahead of the announcement.

Rajesh Gopinathan, MD & CEO, said: “We are pleased with our strong growth in a seasonally weak quarter, driven by cloud services, market share gains through vendor consolidation, and continued momentum in North America and UK. The sustained strength of demand for our services is a validation of the value we provide to our clients in helping them differentiate themselves, while enhancing their competitiveness. Looking ahead, and beyond current uncertainties, our longer-term growth outlook remains robust.”

TCS said growth was led by retail and CPG (18.7 per cent) and life sciences & healthcare verticals (14.4 per cent). Communications & media grew 13.5 per cent and technology & services grew 13.6 per cent. Manufacturing grew 12.5 per cent while BFSI grew 11.1 per cent. TCS reported an operating margin at 24.5 per cent.

Among major markets, North America and UK led with 15.4 per cent growth, Continental Europe grew 9.7 per cent. In emerging markets, Latin America grew 14.6 per cent, India grew 9.1 per cent, Asia Pacific grew 9.5 per cent and Middle East & Africa grew 8.6 per cent, the company said.

N Ganapathy Subramaniam, ED and COO, said: “In a hybrid working model we delivered many complex transformation programs tailored to the specific needs of our clients’ ecosystem with speed and agility. It’s also refreshing to see our delivery centers and PacePort labs busy with our consultants and client executives jointly reimagining solutions to deliver the future, now.”

Improved productivity, currency support and abating supply-side challenges helped expand our operating margin in Q3. “This gives us greater confidence in our ability to steer our profitability towards our preferred range, while continuing to invest in building newer capabilities to support our growth and market share gains,” TCS said.

Milind Lakkad, Chief HR Officer, said: “Our focus over the last few quarters on bringing in fresh talent at scale, training them on new technologies and making them productive is paying off. We are particularly proud of having 125,000 TCSers at middle and senior levels who have been with the company for more than 10 years on average.”