Tata Consultancy Services reported a 15 per cent rise in quarterly net profit on Thursday, powered by strong demand for AI services. Net profit reached ₹13,884 crore for the quarter ended September 30.Revenue rose 11.2 per cent from a year earlier to ₹73,188 crore. Both numbers beat analyst estimates.

Operating margin held steady at 24 per cent, while net margin was 19 per cent.The standout figure was artificial intelligence. TCS said its annualised AI revenue reached 3.1 billion dollars, crossing 10 per cent of total revenue. The figure grew 19 per cent from the previous quarter.

Total contract value for the quarter stood at 9.6 billion dollars.CEO K Krithivasan said the quarter brought two unique deals with Porsche and Best Buy, which he called a new category of transformation partnerships. The board declared a second interim dividend of ₹12 per share.TCS added 4,258 employees during the quarter, taking its workforce to 5,98,056. The record date for the dividend is October 14, with payment due on October 30.