Wipro Limited, a leading global information technology company, is at the forefront of the agentic AI revolution, according to its Chief Technology Officer (CTO) Sandhya Arun. The company is witnessing a significant shift as agentic AI systems move from being an enterprise challenge to gaining widespread adoption.

Addressing Enterprise Risks

Arun highlighted that companies are developing robust frameworks to manage the key concerns associated with agentic AI, including security, privacy, and explainability risks. This development is paving the way for more widespread adoption of these advanced AI systems across various industries.

Wipro's Proprietary AI Solutions

The IT giant has been proactive in developing its own AI solutions to meet the evolving needs of enterprises:

• WDIS (Wipro Data Intelligence Suite): A solution designed for enterprise data preparation
• Vega: A generative AI platform that has received endorsement from Nvidia, a leader in AI computing

These proprietary solutions have played a crucial role in helping Wipro secure multiple global deals, underlining the company's growing influence in the AI space.

'Client Zero' Approach

Wipro has implemented a unique 'client zero' approach in its AI deployment strategy. Under this approach, the company's CIO team internally pilots AI solutions before rolling them out to clients. This method ensures that the solutions are thoroughly tested and refined before client deployment, potentially reducing risks and improving efficiency.

Embedding AI Across Operations

Agentic AI is not just a product offering for Wipro; the company has embedded it across its IT and business processes. This integration demonstrates Wipro's commitment to leveraging AI technologies internally, with adoption rates continuing to grow across the organization.

Investing in Workforce Reskilling

Recognizing the importance of a skilled workforce in the AI era, Wipro is making significant investments in reskilling its employees. The training programs cover crucial areas such as:

• Prompt engineering
• Software architecture
• Data privacy
• Responsible AI practices

Notably, this training initiative extends beyond the technical teams to include senior leaders and board members, ensuring a top-down understanding and adoption of AI technologies.

Wipro's Innovation Network

To drive client-focused innovation, Wipro has established a comprehensive Innovation Network. This ecosystem combines:

• Internal researchers
• Startups backed by Wipro Ventures
• Technology partners including Microsoft, Google, AWS, and Nvidia

This collaborative approach allows Wipro to leverage diverse expertise and resources to deliver cutting-edge AI solutions to its clients.

As agentic AI continues to evolve and gain traction, Wipro's strategic investments, proprietary solutions, and comprehensive approach to adoption and training position the company as a key player in the AI landscape. The company's efforts in addressing enterprise risks while pushing for innovation underscore the growing maturity of AI technologies in the business world.

Wipro, one of India's leading IT services companies, saw its shares climb 2.83% to ₹256.21 in recent trading, making it the second-best performer in the IT sector. The stock's positive movement comes amid a broader rally in the IT sector, driven by Infosys' share buyback announcement and a weakening rupee.

Stock Performance

Wipro's stock opened at ₹249.30 and reached an intraday high of ₹257.17. Trading volumes were robust, with 117.62 lakh shares changing hands, amounting to ₹300.29 crore in value. The company's strong performance contributed to the Nifty IT index climbing over 2%, with all constituents trading in positive territory.

Sector-wide Rally

The IT sector's rally was primarily sparked by Infosys' board decision to consider a share buyback proposal. This move has led to expectations of similar actions by other IT companies, boosting investor sentiment across the sector. Infosys, the top gainer, saw its shares surge nearly 4%.

Currency Impact

Adding to the positive momentum, the Indian rupee hit an all-time low of 88.36 against the US dollar. This currency depreciation is generally favorable for IT firms like Wipro, which derive a significant portion of their revenue from US-based clients. A weaker rupee typically translates to higher rupee-denominated earnings for these companies.

Share Allotment

In a recent development, Wipro has allotted new equity shares under its employee stock option plans. According to the company's filing:

• 61,954 equity shares were allotted under the ADS Restricted Stock Unit Plan 2004
• 163,524 equity shares were allotted under the Restricted Stock Unit Plan 2007

This allotment is part of Wipro's ongoing employee incentive programs.

Market Context

Despite the day's gains, it's worth noting that the Nifty IT index remains down 19% year-to-date. The sector faces headwinds from concerns over potential US tariffs on software exports and softness in global tech spending. However, the current rally suggests that investors are finding value in IT stocks at current levels, particularly in light of potential share buybacks and the currency advantage.

As the IT sector navigates these mixed signals, Wipro's performance in the coming quarters will be closely watched by investors and analysts alike.