Wipro Shares Jump Over 4% After Expanding AI Partnership With ServiceNow

Wipro, on Friday, announced a wider collaboration with ServiceNow to develop and scale agentic AI solutions for enterprises.

After the announcement, Wipro shares climbed over 4% to touch an intraday high of ₹211 on the Bombay Stock Exchange (BSE).

Wipro’s American Depositary Receipts (ADRs) also witnessed a sharp rally overnight, gaining nearly 18% after the development.

Focus On AI-Led Enterprise Workflows

The partnership will combine Wipro Intelligence - the company’s AI-focused platforms and enterprise solutions suite - with ServiceNow’s AI platform.

The aim is to help businesses automate and manage workflows across departments such as IT, human resources, procurement and cybersecurity.

According to Wipro, the collaboration is expected to reduce manual intervention, improve coordination across systems and speed up enterprise operations.

The company also said the integration could help clients improve visibility and governance across business processes.

Key Solutions Under The Partnership

As part of the expanded tie-up, several Wipro solutions will use ServiceNow’s AI capabilities. One of them is SmartProcure, which focuses on procurement workflows and approval processes.

The company also highlighted Telco Autonomous Networks, a solution designed for telecom operations and service management.

Another offering, Cyber Transform, is aimed at improving cybersecurity operations by helping organisations strengthen incident response and vulnerability management.

What Executives Said

ServiceNow President and COO Amit Zavery said enterprise AI adoption is now shifting from experimentation toward practical implementation and business outcomes.

Malay Joshi, CEO of Wipro’s Americas 1 Strategic Market Unit, said the challenge for many enterprises is scaling AI efficiently rather than just exploring its potential.

He added that the collaboration is expected to help companies improve operational efficiency while maintaining governance and controls.

Also Read - IDBI Bank Privatisation Back On Track As Govt Explores Revival Of Below-Reserve Bids

Buyback Buzz Also Supporting Stock

Apart from the AI partnership announcement, investor sentiment around the stock has also been supported by the company’s share buyback plan.

Earlier in April, Wipro’s board approved a ₹15,000-crore buyback proposal.

Under the plan, the company will repurchase up to 60 crore shares at ₹250 apiece.

The record date for the buyback has been fixed as 5 June.

Sources:

The Economic Times

Livemint

Moneycontrol