Revenue at IT services giant Tata Consultancy Services Ltd. rose 8.4% as measured in US dollars in its fiscal third quarter ended Dec. 31 to total of $7.08 billion. The increase in constant currency at the Mumbai, India-based firm was 13.5%.

“Improved productivity, currency support and abating supply-side challenges helped expand our operating margin in Q3,” CFO Samir Seksaria said. “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.”

CEO and Managing Director Rajesh Gopinathan said the company was pleased with its strong growth over a seasonally weak quarter.

“Looking ahead and beyond current uncertainties, our longer-term growth outlook remains robust,” Gopinathan said.

Share price and market cap

Shares in TCS closed today at 3,319.95 Indian rupees (US$40.25); shares were 13.46% above their 52-week low of 2,926.10 Indian rupees, according to FT.com. The company had a market cap of 11.75 trillion Indian rupees (US$142.45 billion).