(Reuters) -Indian IT services firm Coforge reported a better-than-expected 86% surge in second-quarter profit as client spending picked up across the sector.

Consolidated net profit rose to 3.76 billion rupees in the quarter ended Sept. 30, above analysts’ average expectation of 3.71 billion rupees, according to data compiled by LSEG.

Revenue rose 31.7% to 39.86 billion rupees ($453.50 million), largely in line with analysts’ estimate of 40.33 billion rupees.

However, Coforge’s deal wins for the quarter were marginally lower at $514 million from $516 million last year.

KEY CONTEXT

Coforge’s results come as larger rivals Tata Consultancy Services, Infosys and Wipro beat estimates for quarterly revenue and expect to see improving demand in the second half of the fiscal year.

Strong dea

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