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Wipro shares gain 2% after IT major expands Google Cloud AI partnership. What investors should know

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Wipro shares gain 2% after IT major expands Google Cloud AI partnership. What investors should know
Wipro shares gained 2% to their day’s high of Rs 180 on the BSE on Friday after the IT services company expanded its partnership with Google Cloud to accelerate enterprise adoption of Gemini Enterprise and agentic AI.

The development came after Indian market hours on Thursday, while Wipro’s ADRs jumped 5% in pre-market trading in the US following the announcement

Wipro Google AI partnership

Under the expanded partnership, Wipro will deploy Gemini Enterprise internally and equip more than 10,000 AI-certified specialists, including 1,500 Forward Deployed Engineers, with advanced AI tools to improve productivity, operations and decision-making.

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The partnership aims to help enterprises move beyond basic task automation towards secure, autonomous AI agents that can be embedded into core business workflows. As part of the initiative, Wipro has introduced the LIFT framework, short for Launch-Ignite-Flywheel-Transform, to help companies accelerate AI transformation and deploy agentic AI at scale.

Also read: Two-year market consolidation may set stage for next bull run


The framework will bring together Gemini Enterprise and Wipro’s AI-powered delivery platforms, WINGS and WEGA. Wipro said the combination will allow clients to apply AI to multi-step business processes rather than limit its use to simple automation tasks.
Kanwar Singh, Managing Partner and Global Head of Technology Services at Wipro, said AI is becoming central to how the company is shaping its future, transforming operations and delivering value to clients.Wipro is also creating a dedicated team of more than 1,500 certified Forward Deployed Engineers. The team will combine Google Cloud’s AI expertise with Wipro’s consulting and engineering capabilities to take AI projects from the pilot stage through to full enterprise deployment.

Kevin Ichhpurani, President, Global Partner Ecosystem at Google Cloud, said the partnership is intended to help customers close the gap between AI’s potential and actual business performance.

Wipro has already deployed Gemini Enterprise as its central agentic orchestration platform under its “Operate Better with AI” strategy and “Client Zero” approach. The company said Gemini’s reasoning and long-context capabilities have enabled it to build autonomous AI agents across compliance, HR and sales intelligence, marking a shift from task automation towards an enterprise-wide decision intelligence layer.

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The company has also integrated Antigravity Command Line Interface into its software engineering ecosystem. According to Wipro, this enables agentic workflows that support developers across planning, coding, testing and application modernisation.

Read more: 4 smallcaps with up to 332% PAT growth just surged 170%: Can the outperformance continue?

Wipro said the initiative has resulted in measurable gains in development productivity and a reduction in post-production defects.

Wipro Q1 results snapshot

The company reported a 1% year-on-year (YoY) increase in consolidated net profit to Rs 3,352 crore in the June quarter, compared with Rs 3,330 crore in the year-ago period. Revenue from operations rose 11% YoY to Rs 24,479 crore from Rs 22,135 crore in the same quarter last year.

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The company maintained a cautious outlook for the September quarter, guiding for IT services revenue to range from a 1.5% decline to a 0.5% increase in constant currency terms. Wipro expects IT services revenue to be between $2.574 billion and $2.627 billion, implying sequential constant-currency growth of -1.5% to +0.5%.

Wipro shares are down 35% since the beginning of the year.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Tejas Networks shares zoom 13% after TCS’s Rs 1,537-crore LOI for BSNL 4G rollout

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Tejas Networks shares zoom 13% after TCS’s Rs 1,537-crore LOI for BSNL 4G rollout
Tejas Networks shares rallied nearly 13% on Friday after the company announced a potential Rs 1,537-crore opportunity from Tata Consultancy Services (TCS).

The stock hit an intraday high of Rs 576.85 on the NSE, up Rs 65.7, or 12.8%, from its previous close of Rs 511.15.

In an exchange filing dated August 27, Tejas Networks said it had received a “Letter of Intent” from TCS to supply RAN equipment, accessories and installation materials for BSNL’s 4G network.

The proposed project covers 18,685 sites and is valued at Rs 1,537 crore. A detailed purchase order for the contract would be issued by TCS to the company in due course, Tejas Networks added in the filing.

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In May 2025, TCS had secured an add-on purchase order worth Rs 2,903.22 crore from BSNL for deploying 18,685 4G network sites. Under the order, TCS was tasked with planning, engineering, supply, installation, testing, commissioning and annual maintenance of the sites.


The latest order is part of TCS’s broader role in BSNL’s indigenous 4G rollout. In May 2023, TCS, in partnership with the government’s Centre for Development of Telematics (C-DOT), secured a Rs 15,000-crore contract from BSNL to deploy an end-to-end indigenous 4G network.

Tejas Networks share price

Over the past month, the stock climbed 12.75%, comfortably outpacing its benchmark’s 1.68% gain. Tejas Networks’ free-float market capitalisation stood at Rs 4,641.57 crore, while its face value was Rs 10.

Tejas Networks Q1 results

Tejas Networks’ Q1 FY27 performance showed strong revenue growth but continued pressure on profitability. Revenue rose 99.1% year-on-year to Rs 402.16 crore from Rs 201.98 crore a year earlier. However, the company reported a net loss of Rs 202.24 crore, compared with a loss of Rs 193.87 crore in the year-ago quarter. Its operating EBITDA loss stood at Rs 91.39 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Small-Cap Stocks Step Out Of Big Tech’s Shadow

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Don’t Confuse Small-Cap Benchmark With Small-Cap Strategy

Small Cap write on sticky notes isolated on Office Desk. Stock market concept

syahrir maulana/iStock via Getty Images

By Samantha S. Lau, CFA & James MacGregor, CFA

Beyond the AI battleground issues, the rebound in smaller stocks points to broader return potential.

In markets that have faced multiple sources of uncertainty this

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SomnoMed Limited (SOMNF) Q4 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript