Infosys leads IT growth, high utilisation drives hiring plans

In the quarter ended June, the Indian IT sector saw Infosys outpace rivals — such as Tata Consultancy Services (TCS), Wipro, HCLTech, and LTIMindtree — with nearly 4% sequential revenue growth driven by a rebound in the banking, financial services, and insurance (BFSI) vertical.High employee utilisation rates across firms necessitated major recruitment plans, while revenue from Europe declined for most.