Numbers and nightmares

IT majors came out with their results this week, you know what it means. All of them fell because they didn't meet analyst estimates. I never understood analyst estimates. How can you predict every metric of a company? These are not small companies or companies operating in one country. There are so many factors that I'm sure even the CEO forgets them at some point. How do these analysts remember, understand, and most importantly quantify them? The focal point is that it's always below estimates. 15 per cent growth? Low. 25? Low. 55? Low again. These analysts are the perfect representation of Indian parents. You got 99 out of 100? Disappointed because it's not 100 (You a parent? Then understand that 99 is good enough).

This article was originally published on April 21, 2023.