Infosys (INFY) delivered weaker-than-expected 4Q numbers, pushing back recovery a bit. Key positives in 4Q were (1) Revival in the BFSI vertical (2% QoQ ex-Finacle), (2) Continuity in top account mining (top-10 growth stood at 1.7x overall revenue growth), and (3) Steady execution (utilisation at the highest level in the last 9Q).