Software major TCS announced its 3QFY11 results late yesterday. To say the least, the performance has been very good. This is especially in light of the lacklustre performance reported by its closest peer Infosys just five days ago. TCS has recorded a 4% QoQ growth in net sales during the quarter (as compared to Infosys 2% growth). This has been led by a near 6% QoQ growth in volumes. Its net profits have surged by over 9% QoQ (Infosys' grew by less than 3%). The company added a gross of around 12,500 employees during the quarter suggesting that it is seeing a good visibility of order flows in the future. The company maintained its utilisation (excluding trainees) at 83.8%. Its overall attrition rate however increased marginally to 14.4%, including attrition in the IT services business of 13.2%. The company is seeing a strong growth momentum from the UK and Asia-Pacific markets. Deal flows from the US markets are also picking up pace after last two years of slowdown.