Wipro shares gained nearly 5% after the company announced an expanded partnership with ServiceNow aimed at helping enterprises deploy agentic AI across key business functions.
The stock rose as much as 4.7% during trading, touching ?211.20 on the BSE before settling slightly lower later in the day. Investor enthusiasm was also visible in the U.S. market, where Wipro's ADR surged more than 18%, marking its strongest single-day gain in almost 18 years.
The expanded collaboration will combine Wipro's AI-driven solutions with the ServiceNow AI Platform to automate and streamline workflows across IT, HR, procurement, and cybersecurity. The goal is to reduce manual processes, improve efficiency, and give organizations greater visibility into their operations.
As part of the partnership, three key solutions from Wipro's Intelligence suite will be integrated with ServiceNow:
- SmartProcure for procurement automation
- Telco Autonomous Networks for telecom operations
- Cyber Transform for cybersecurity incident management
According to Malay Joshi, CEO of Wipro's Americas 1 Strategic Market Unit, many organizations have ambitious AI goals but struggle to implement them at scale. He said the partnership is designed to help enterprises turn those ambitions into practical, industry-specific AI solutions.
ServiceNow President and COO Amit Zavery emphasized that integrating AI directly into enterprise workflows can deliver measurable business outcomes while helping companies move toward becoming "agentic enterprises."
The announcement comes at a time when Indian IT companies are rapidly strengthening their AI capabilities. Growing adoption of generative AI has raised concerns about the future of traditional outsourcing services, pushing firms to invest heavily in next-generation AI solutions.
The positive market reaction extended beyond Wipro, with the Nifty IT index rising nearly 2.5%. Shares of Infosys, TCS, and HCLTech also gained between 2% and 4% as investors welcomed signs that the sector is adapting to the AI-driven transformation.
Despite the rally, Wipro shares remain down more than 23% so far this year. The company recently reported a 1.9% decline in fourth-quarter net profit, although revenue increased 7.7% year-over-year.
For investors, the expanded ServiceNow partnership signals Wipro's continued focus on AI-led growth and its efforts to stay competitive as enterprises increasingly embrace intelligent automation.
Q1: Why did Wipro shares rise?
A: Shares gained up to 4.7% after Wipro expanded its AI partnership with ServiceNow.
Q2: What is the goal of the partnership?
A: To deploy agentic AI workflows across IT, HR, procurement, and cybersecurity functions.
Q3: Which Wipro solutions are part of the integration?
A: SmartProcure, Telco Autonomous Networks, and Cyber Transform.
Q4: How did investors react to the announcement?
A: Wipro's ADR surged over 18%, while the Nifty IT index rose nearly 2.5%.
Q5: Why is this partnership significant?
A: It strengthens Wipro's AI offerings and supports enterprise adoption of intelligent automation.
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