Wipro shares trade higher: IT firm secures multi-year AI deal with Odido Netherlands; check details

The stock traded at ₹249.81, up 0.10% on the BSE.

Wipro, in its press release, said that the above deal was mentioned in its financial results announcement press release, dated October 16, 2025, for the quarter ending September 30, 2025, with a description of Odido but without naming the company.

The company said that by combining AI and deep consulting expertise, Wipro will help Odido improve customer engagement and satisfaction, improve productivity, and streamline operations to reduce costs. A key highlight of this multi-year engagement is the use of a self-funded model, where productivity-driven savings are reinvested to continuously fund new digital initiatives, ensuring that innovation remains both sustainable and scalable.

"As part of the engagement, Wipro will lead a full-scale modernisation of Odido’s digital and enterprise technology landscape as well as drive IT simplification and automation. This transformation will be powered by Wipro’s WEGA and WINGS AI delivery platforms, part of Wipro Intelligence™, Wipro’s unified suite of AI-powered platforms, solutions, and transformative offerings, and will enable Odido to build and manage a dynamic ecosystem of agent-driven services and solutions that will help improve their service reliability, IT operations, and incident resolution rates," it said.

Additionally, Wipro’s conversational AI chat solution will further enhance responsiveness and resilience across Odido’s technology ecosystem by delivering contextualised, multilingual, and conversational self-service capabilities.

“At Odido, our goal is to make technology more human. Everything we do is driven by a humancentric approach. This applies not only to our network services and product innovations but also to our processes, operations, and IT infrastructure,” said Robert Purdy, Chief IT Officer at Odido Netherlands. “Our collaboration with Wipro supports this ambition and enables us to take the customer experience to the next level.

Graziella Neuvéglise, Managing Director, Western Europe, Wipro Limited, said, “Odido’s trust in Wipro reflects our ability to deliver strategic value through intelligent operations, agile development, and a future-ready IT strategy.

"This transformation is consulting-led, with our teams shaping the roadmap, optimising processes, and aligning technology with business goals. By combining this expertise with Wipro Intelligence, our unified suite of AI-powered platforms, solutions, and transformative offerings, we’re not just modernising Odido’s IT infrastructure but reimagining how technology boosts businesses and puts customers at the heart of their evolution." Neuvéglise added.

This engagement underscores our commitment to delivering impactful solutions that help our clients thrive in a rapidly evolving business landscape," Neuvéglise said further.

Wipro Q2 FY26 Results

Wipro, one of the leading information technology (IT) services companies, reported a net profit of ₹3,246 crore for the second quarter of the current financial year, up 1.17% from ₹3,209 crore in the same period last year.

On a sequential basis, however, Wipro's net profit declined 2.53% from ₹3,330 crore in the previous quarter.

Wipro's revenue from operations rose 2% annually to ₹22,697 crore from ₹22,302 crore in the same period last year.

Wipro expects its revenue from the IT services business to be in the range of $2,591 million to $2,644 million, translating into sequential guidance of (-)0.5% to (+)1.5% in constant currency terms for the December quarter.

Wipro reported that its IT services revenue stood at $2,604.3 million for the quarter ended September 2025 (Q2 FY26), reflecting a 0.7% sequential growth but a 2.1% decline year-on-year (YoY). In constant currency terms, revenue rose 0.3% QoQ and fell 2.6% YoY.