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Pipelines are stronger than ever. We have more business coming in, GDS will be growing irrespective of economic slowdown. Actually, with PE/VCs accumulating even more wealth during the last couple of years, its a rather good opportunity for them to convert cheaper multiples, our diligence work is poised to grow exponentially
Thanks for the info :)
*In SaT SBU
Which firms will not have an impact of recession if it occurs?
But EY GDS is directly dependent upon US, EU etc unlike EY India
Recession may impact new deals but for projects which are already running, they need people to deliver and can't just go to a standstill.
Also dollar is all time high, so every dollar sent to GDS has more value than it was an year earlier.
And this impacts almost all companies working out of India.
And can consider it other way round. In recession PE/VC go for acquisition as they get it at cheap valuations. So for SAT point of view projects may keep coming