Wipro , India's fourth-largest software company, posted higher-than-expected second-quarter revenue on Thursday, helped by a revival in spending by its clients in the U.S. communications sector.

Wipro provided a weak revenue guidance for the third quarter, while managing to improve on its operating profit margins.

Gross revenue stood at Rs 22,300 crore, marking a 1.5% increase quarter-on-quarter and a 1% decline year-on-year. IT services segment revenue reached $2,660.1 million, up 1.3% QoQ and down 2% YoY.

Bengaluru-based IT services major Wipro posted a net profit of Rs 3,201 crore for the second quarter of FY25, up 21.3 per cent from a year ago. Profit was up 6.8 per cent quarter-on-quarter (Q-o-Q).

(Reuters) -Indian software services providers Infosys and Wipro topped quarterly revenue estimates as their mainstay financial industry clients boosted spending. After over a year of curtailed spending due to economic uncertainty and high borrowing costs,

The companys total bookings were at t $3,561 million in the quarter under review. Among these, large deal bookings were at $1,489 million, an increase of 28.8% QoQ and 16.8% YoY in constant currency.

Wipro posted its earnings for the quarter ended September on Thursday evening after market close. What Happened: Wipro posted a consolidated net profit of ₹3,208.8 crore, a 21% jump from the ₹2,646 crore net profit posted in the same quarter last year.

Wipro's Q2 earnings are under scrutiny, with various brokerages providing mixed forecasts. JM Financial expects a 1.7% YoY revenue decline to Rs 22,134 crore but a 19% PAT increase. Sharekhan predicts a slight revenue rise,