Wipro surges 2.3% on completing generative AI agent-building initiative with Google Cloud

Shares of Wipro gained 2.3% on Thursday after the company announced that it had completed the gen AI initiative with Google Cloud.

Wipro has completed its generative AI agent-building initiative with Google Cloud, delivering 200 production-ready AI agents across Healthcare, Banking, Insurance, Retail, Manufacturing, and IT industries. This is another step in the long-standing collaboration between Wipro and Google, enabling joint clients to tap into the full potential of AI agents.

The initiative with Google is focused on developing intelligent agents that enhance customer experience, improve business processes across industries, and unlock new opportunities for innovation. These agents are designed to help enterprises fast-track digital transformation using Google Cloud’s advanced AI technologies, including Gemini, the Vertex AI platform. These production-ready agents, now available through the Google Cloud Marketplace, allow Wipro and Google to drive broader consumption and adoption of these solutions.

In the Q1FY26, the company's revenue from operations rose nearly 1% to ₹22,135 crore at the end of the June quarter as against ₹21,964 crore in the year-ago period. In dollar terms, Wipro's revenue came in at $2,587.4 million, a decrease of 0.3% quarter-on-quarter (QoQ) and 1.5% year-on-year (YoY).

Wipro expects its revenue from IT services the range of $2,560 million to $2,612 million, translating into sequential growth guidance of -1.0% to 1.0% in constant currency terms

Commenting on Q1 earnings, Aparna Iyer, Chief Financial Officer, said, “We expanded our operating margins by 80 basis points on a YoY basis. Our cash flow conversion remained strong, with operating cash flows being at 123% of our net income. The board also declared an interim dividend of ₹5 per share. With this, the total cash returned to shareholders over the last 6 months is more than $1.3 billion.”