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.

Infosys outpaced Wipro in the September quarter, driven by strong demand from European clients, particularly in banking. The company also lifted its growth guidance, raising expectations for India’s IT services sector.

(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 Ltd. raised its annual sales forecast for the second time this year, suggesting clients are again willing to spend on software services thanks to resilient growth and slowing inflation in major economies.