Wipro shares jump after expanded ServiceNow AI partnership

Wipro’s stock jumped as much as 4% after the company broadened its partnership with ServiceNow to push agentic AI workflows into the parts of the enterprise that actually process work: IT, human resources, procurement and cybersecurity. The shares later pared gains, but they were still up 2.60% in morning trading in India, putting Wipro on track for its biggest intraday percentage rise since April 1.

The message from the deal was less about a routine alliance and more about execution. Wipro said it would integrate its Wipro Intelligence platform with the ServiceNow AI Platform to streamline the initiation, orchestration and execution of work across enterprise systems. The company named three products that will use the platform: SmartProcure for procurement workflows, Telco Autonomous Networks for service operations, and Cyber Transform for vulnerability and incident-response work. In Wipro’s telling, the point is to reduce manual coordination, improve visibility into workflows, speed turnaround times and tighten accountability and operational governance.

That framing matters because investors have been looking for evidence that Indian IT services companies can turn artificial intelligence into revenue rather than disruption. Big outsourcing firms face pressure as rapid advances in generative AI raise questions about traditional project demand, especially for labor-heavy work. Deals like this one are designed to show that legacy providers can sell automation, workflow orchestration and higher-value consulting instead of simply defending old contracts. ServiceNow’s Amit Zavery said the partnership makes “connected, governed, outcome-driven AI” real, while Wipro’s Malay Joshi said it was meant to bridge the gap between AI ambition and execution at scale.

The market’s reaction suggested that message landed. Wipro’s American depositary receipt rose 18.54% to $2.430 in New York after the announcement, a move some market coverage described as the ADR’s biggest single-day gain since October 2008. The broader Nifty IT index was also higher, showing that the announcement resonated across the sector as a read-through on how quickly Indian technology firms can adapt to AI.

The ServiceNow tie-up is not new, but an extension of a longer strategic bet. Wipro and ServiceNow announced a five-year business partnership on May 18, 2023, saying the agreement would help accelerate Wipro’s goal of building a $1 billion business with ServiceNow by the end of 2026. That earlier deal covered all global geographies and initially focused on Financial Services, Healthcare, Manufacturing, and Energy and Utilities.

The latest move landed against a busy corporate backdrop. Wipro reported fiscal-year and quarterly results on April 16, 2026, including gross revenue of 242.4 billion, or $2,583.0 million, up 2.9% sequentially and 7.7% year over year. On May 25, 2026, it also announced a 15,000 crore buyback for up to 60,00,00,000 shares, adding another layer of support for the stock. Taken together, the buyback, the earnings backdrop and the ServiceNow expansion show a company trying to defend its core business while proving that AI can be monetized in the workflow layer, not just marketed in the slide deck.