Wipro Shares Jump on ServiceNow Partnership and AI Workflow
Wipro shares jumped 5% Friday, May 29th. It was a reaction to the news about their partnership with ServiceNow. They’re teaming up to implement and scale up agentic AI workflows across huge enterprise functions—think IT, HR, procurement, all that stuff.
The ADR, the American Depositary Receipt, actually shot up almost 19 per cent overnight on the NYSE. That kind of move is big. It’s the biggest single-day gain the US-listed entity has seen since October 2008.
The scrip was trading around Rs 205 per share when the news broke, hitting a 1.97 per cent gain around 9:44 am.
What’s the deal with the partnership? Wipro is integrating Wipro Intelligence—that whole suite of their AI platforms and solutions—with the ServiceNow AI Platform. The goal is to help organizations streamline how they start, manage, and execute work across all their systems. That’s the announcement.
Wipro is betting this move is huge. They think it lets enterprises actually roll out agentic AI at scale. And it promises policy-aligned actions. Better employee experience, more operational agility, and real business value.
It’s a positive shift, especially now. Investors are feeling better, even though the whole industry is wrestling with AI headwinds. People are asking if the whole SaaS business model is even viable right now.
It’s a bit of a relief, honestly. Wipro shares had been sliding. Down by twenty per cent over the last six months, sitting around Rs 201 on the BSE.
Friday’s session offered a little hope. People are hoping this new deal can pull up the sluggish growth of the IT company. Reinvigorate some momentum.
But you can’t ignore the numbers. Last quarter, they reported a 1.9 per cent year-on-year decline in consolidated net profit. That was Rs 3,521 crore for the quarter ending March 2026. Revenue, though, did tick up 7.7 per cent year-on-year.
Looking at the January to March quarter, revenue from operations was Rs 24,236.3 crore. That was up from Rs 22,504.2 crore the year before.
Sequentially, things were a bit better. Net profit actually rose 12.3 per cent. Revenue increased 2.9 per cent.
The IT services operating margin for that March quarter was 17.3 per cent. That was down slightly from the previous quarter, and down a hair from a year ago.
And on the people side, voluntary attrition on a trailing twelve-month basis was at 13.8 per cent. That’s a lot of people moving around.
On a separate note, Wipro announced something big about buying shares. They are planning the biggest buyback scheme in their history. They want to repurchase up to 60 crore equity shares. That’s 5.7 per cent of the total paid-up capital. They’re doing it through the tender route at Rs 250 a share. Right now, the share price is hovering at Rs 210.26. The record date is set for June 5, 2026.
Written by Gree News Team — Senior Editorial Board
Gree News Team covers international news and global affairs at Gree News. Our collective of senior editors is dedicated to providing independent, accurate, and responsible journalism for a global audience.
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