Wipro shares surge 4%; stock biggest contributor to BSE IT index's gains

The stock was also the biggest gainer on the NIFTY50 index.

On Wednesday, the IT services firm announced it was helping JFK International Air Terminal (JFKIAT), the operator of JFK’s Terminal 4, in developing a cloud data strategy, leveraging Microsoft’s Azure Data Platform.

The AI-enabled data analytics solution will establish a single view of terminal data across all functions, enabling JFKIAT’s management to continually review and improve operations to achieve their long-term operational and efficiency goals, the company said in its press release. 

The three-year project, which kicked off in 2023, will centralize operational data mapping to improve passenger queuing times, implement intelligent rostering for JFKIAT’s operational functions, consolidate safety and security data, and track sustainability metrics, the press release added. 

Deepak Parameswaran, Vice President & Sector Head – Energy, Manufacturing & Resources, Wipro Limited, said, “We are leveraging our deep airport domain expertise in data operations and digital transformation to implement solutions that generate revenue streams and optimize operational efficiencies. By leveraging data analytics and AI, Wipro will help JFK International Air Terminal achieve its ambition of being a data-driven organization.”

The BSE Information Technology index ended at 43,984.14 levels, up 0.49%.

Shares of the Bengaluru-headquartered IT services company have gained over 26% in the past 12 months.

The Bengaluru-based firm sees an overall intake of 10,000–12,000 Next Gen Associates (NGAs) in FY25.

The comments assume significance as the technology industry undergoes continual rounds of job cuts.

Shares of the company eventually ended at ₹550, up 3.80% on the BSE.