(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,

Infosys posted revenue from operations at Rs 40,986 crore, up 5.1 per cent as against Rs 38,994 crore recorded during the same period of previous financial year.

Analysts had expected that a ramp-up of large deals, increasing traction in generative AI initiatives, and cost optimisations would drive revenue and margin growth for the Indian IT major.

Infosys , India's No.2 IT services exporter, beat second-quarter revenue estimates on Thursday, helped by a recovery in demand from its key financial industry clients.

In the quarter, the tech player delivered broad-based growth performance with $4,894 million in Q2 revenues, sequential growth of 3.1% and year-on-year growth of 3.3% in constant currency.

Infosys reported constant currency revenue growth of 3.1% during the September quarter, slightly higher than the estimates of 3% on a sequential basis.

Infosys, India's second-largest software exporter, reported a 5% growth in consolidated net profit to Rs 6,506 crore for Q2, with revenue from operations rising by 5% YoY to Rs 40,986 crore. The company revised its FY25 revenue growth guidance to 3.

During the second-quarter (Q2 FY25), profit came at Rs 6,506 crore as against Rs 6,212 crore in the year-ago period. The company's revenue jumped 5.1 per cent YoY to Rs 40,986 crore from Rs 38,994 in the corresponding period last year.

Infosys Q2 Results FY 2024-25 Today, Infosys Q2 Earnings Expectations, Preview: Infosys will announce its second quarter result today. Infosys Q2 result will be announced after market hours.

Broker JM Financial is expecting 10bps QoQ cross-currency tailwind for Infosys in the quarter. While it estimates USD 46mn (1% of consolidated growth) contribution from intech acquisition.

PhillipCapital expects Infosys to report 10.2 per cent YoY rise in net profit at Rs 6,844.40 crore on 4.8 per cent YoY rise in sales at Rs 40,867 crore.