$WIPRO

Bengaluru-based technology services company Wipro Ltd. surged in the US market on Thursday, May 28, after the firm announced an expanded partnership with ServiceNow to accelerate the adoption of agentic AI workflows across key enterprise operations. Wipro’s American Depositary Receipts (ADRs) climbed as much as 21 percent intraday before closing 18.54 percent higher at $2.43 on the New York Stock Exchange. The rally marked the ADR’s biggest single-day gain since October 2008. Over the last 10 trading sessions, Wipro’s US-listed shares have advanced nearly 31 percent, rising in eight of those sessions. Investor sentiment strengthened after Wipro revealed plans to integrate Wipro Intelligence — its unified suite of AI-powered platforms and solutions — with the ServiceNow AI Platform. The collaboration is designed to help enterprises streamline workflow initiation, orchestration, and execution across systems while ensuring governance, compliance, and auditability are embedded into operations. Under the expanded partnership, Wipro and ServiceNow will deploy agentic AI workflows across functions such as IT, human resources, procurement, and cybersecurity. Key applications include reducing inefficiencies in procurement processes, accelerating issue resolution and enhancing service quality in the telecom sector, and improving cybersecurity operations through stronger vulnerability management and incident response workflows.