Wipro’s Chief Executive Officer Srini Pallia reported a notable uptick in client interest for AI-enabled services during the company’s January investor call. According to Pallia, the firm has moved beyond pilot programmes, securing five multi-year contracts exceeding $100 million each in the last quarter. He attributed this momentum to Wipro’s expanded suite of GenAI offerings, including its ModelOps platform and partnerships with leading hyperscalers. Pallia emphasized that AI now underpins 30% of the company’s new deal bookings, up from 12% a year ago, positioning Wipro to outpace overall industry growth.

Management disclosed that Wipro’s AI pipeline stands at $2.8 billion, reflecting a 25% increase over the trailing twelve months. The largest opportunities reside in financial services, where outcome-based pricing for algorithmic trading engines and fraud-detection models account for nearly half of the AI backlog. Healthcare and manufacturing also feature prominently, with Wipro targeting a combined $850 million in advanced automation deals over the next 18 months. The company forecasts that AI-related revenue will contribute 18% of total sales by the end of fiscal 2026, compared with 9% in the prior year.

To support its AI ambitions, Wipro has earmarked $200 million for talent acquisition and upskilling, aiming to add 3,000 data scientists and machine-learning engineers globally. The firm is also expanding its Innovation Hubs in Bangalore and Columbus to pilot specialty services such as autonomous operations and cognitive security. Pallia projected that operating margins on AI-enabled engagements will average 22%, roughly 400 basis points above traditional outsourcing contracts, driving overall margin expansion of 75 to 100 basis points over the next two fiscal years.