Wipro (WIT) Gets 6.7% Boost From New AI-Powered Model

We recently published 10 Big Names Already Crushing This February. Wipro Ltd. (NYSE:WIT) was one of the top performers on Monday.

Wipro snapped a three-day losing streak on Monday, jumping 6.75 percent to close at $2.69 apiece as investors repositioned portfolios following the launch of a new AI-powered operating model to support operations of its enterprise customers.

Called Wipro Intelligence, Wipro Ltd. (NYSE:WIT) said that the new product would combine advisory, AI, and enterprise transformation services and would bring end-to-end accountability across core functional areas namely people and change, supply chain and operations, finance transformation, as well as sales, marketing, and customer experience.

Wipro (WIT) Gets 6.7% Boost From New AI-Powered Model

“Enterprises today are struggling to modernize operations amid outdated models and stalled transformation efforts, with AI hype that isn’t translating into results and consulting-to-execution journeys that remain fragmented and slow,” said Wipro Ltd. (NYSE:WIT) Managing Partner and Consulting Head Amit Kumar.

“By bringing our functional consulting expertise together with business process services, we are providing clients with a persona-based, end-to-end enterprise transformation strategy anchored in a functional context. This holistic strategy-to-execution journey allows clients to realize measurable value faster and generate real impact from AI initiatives,” he added.

Based in Bengaluru, Wipro Ltd. (NYSE:WIT) is one of the largest technology service providers in India, which also supports businesses across 65 countries.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.