Wipro shares jump over 2.5% after company launches Google Gemini experience zone

Wipro has launched Wipro’s Google Gemini Experience Zone, a new in-person experience where Wipro customers can see the power of Google’s AI technologies and work with Wipro to identify the optimal generative AI use cases for their businesses.

Wipro’s Google Gemini Experience Zone will be hosted at Wipro’s innovation labs in Silicon Valley Innovation Center, Mountain View. A similar experience zone will soon be set up in Bengaluru. These zones will serve as spaces where enterprises can gain hands-on experience with Google’s AI technology, including Gemini models, Vertex AI, and more.

Wipro’s Google Gemini Experience Zone will benefit enterprises looking to fast-track their AI strategies. Businesses will have access to Google Gemini’s Large Language Models (LLMs), enabling them to test AI-driven use cases in person, such as natural language understanding techniques, image generation, customer interactions, predictive analytics, and more.

Wipro will work closely with enterprises to co-create industry-specific solutions featuring Google Cloud’s AI, which can be integrated into existing business workflows. Customers can collaborate with AI and ML experts from both Wipro and Google Cloud to accelerate their AI adoption and build future-proof AI capabilities.

The company expects revenue from the IT Services business segment to be in the range of $2,607 million to $2,660 million*. This translates to sequential guidance of (-) 2.0% to 0.0% in constant currency terms.

In the latest quarterly results, the company reported modest growth in the top line numbers as total revenue grew by 1.4% YoY to ₹22,196 crore. The company's operating profits also grew by 3.5% QoQ, and the EBIT margin improved by 30 bps to 16.8% from 16.5% in Q1FY25. The company also announced a 1:1 bonus issue in the latest board meeting.

Wipro is a leading global information technology, consulting and business process services company. On a YTD basis, Wipro reported moderate returns of 21%, while it gave handsome returns of 50% on a yearly basis.