Have enough cash reserve, will look at potential M&A deals: Wipro CFO

At a time when the IT industry is fighting the Covid-19 crisis, Wipro is confident of sailing through on the back of its strong balance sheet and service offerings. In an interaction, The firm’s CFO Jatin Dalal tells Debasis Mohapatra and Sai Ishwarbharath B that the company has enough cash reserve to tide over any rise in working capital requirements and will also look at potential M&A opportunities going ahead. Edited excerpts:

Wipro has said its working capital need is likely to increase in coming days owing to Covid-19 crisis. What is the kind of increase of working capital, you project and how is it placed against the free cash flow generated by the firm?