Infosys Technologies, India’s second-largest software services exporter, reported a 7.5 percent rise in quarterly profit, beating market estimates, as it won large outsourcing deals and pricing pressure eased.

The firm, which develops applications, designs supply chains and offers backoffice services, said net profit rose to 15.40 billion rupees ($332 million) in July-September, from 14.32 billion reported a year ago.

A Reuters poll had estimated a profit of 15.11 billion rupees for Infosys, which counts Goldman Sachs, BT Group, and BP Plc among its clients.

India’s nearly $60 billion outsourcing sector has been hit in the global economic downturn as its core financial clients slam the brakes on technology spending and demand sharp price cuts.

Indian firms are also facing rising competition from the likes of IBM and Accenture, who have raided their home turf as they look for growth outside their mature markets.

Shares in Infosys, valued at about $28 billion, jumped 30 percent in July-September versus a 39 percent jump in the sector and a 18 percent rise in the broader market.