Wipro , India’s fourth-largest IT firm, managed to post revenue slightly above estimates for the September quarter, driven by large deal wins, even as it awaits a pickup in discretionary spending amid broader macro-economic headwinds. However, net profit came slightly below what analysts expected due to a one-time cost and continued growth-related margin pressure.

Overall, both revenue and net profit showed a marginal sequential rise after declining in the June quarter. In Q2, net profit rose 1.2% sequentially to Rs 3,246.2 crore, slightly lower than Bloomberg estimates of Rs 3,278 crore. Revenue from operations rose 1.8% quarter-on-quarter to Rs 22,697.3 crore, just ahead of estimates of Rs 22,688 crore.

“As far as the discretionary spend is concerned, I’m not seeing a dramatic uptick,

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