UPDATE 1 — India's Wipro gains after quarterly revenue beat offsets concerns over weak deal wins

(Adds details, analyst comments paragraph 2 onwards) Oct 16 (Reuters) — Wipro shares rose nearly 4% on Friday after the IT firm's second-quarter revenue beat estimates and the company signaled that delayed large deals could support growth in coming quarters, outweighing concerns over weak deal bookings and a subdued near-term outlook. The stock was trading at 180.76 rupees, its highest since September 1, and was set for its fourth straight session of gains. Wipro said its second-quarter revenue rose to 247.53 billion rupees ($2.61 billion), above analysts' expectations of 246.27 billion rupees. The Bengaluru-headquartered company forecast third-quarter revenue growth of between a 1.5% decline and a 0.5% rise in constant currency terms and reported a 45% drop in total bookings to $2.6 billion from a year earlier. The results add to signs of a gradual stabilisation in India's $315 billion IT services sector after a prolonged slowdown in client spending. Shares of larger peers Tata Consultancy Services and HCLTech also rose strongly after their results, as investors warmed to signs of recovering demand and AI-related spending. Jefferies said revenue and margins exceeded expectations a