backlog

Oracle’s growing backlog, which now includes seven new contracts with four different customers, was another bullish signal for analysts.

Truck results missed forecasts due to fewer deliveries, while order backlogs remain healthy in Europe and North America, but have weakened in South America.

The European order backlog is at a good level, though, and deliveries in the quarter rose 10% as production was increased before the summer.

Underlying the new projections is Oracle’s backlog of contracted work, now over half a trillion dollars.

Quanta Services has a $36 billion backlog, indicating strong long-term growth visibility.