Order backlog (remaining performance obligations)

An order backlog is money customers have committed but not yet been billed for, called remaining performance obligations in US filings. It is an order book, not revenue, and for cloud companies it is the cleanest public read on whether AI spending is still being signed; Oracle's stood at $455 billion a year earlier while its cash could not keep up. How results are read.

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In MochaLearnLearn how to read US earnings
  • RevenueRevenue is the total money a company takes in from sales before any costs, the top line. Growth companies are judged…
  • Order bookAn order book is the list of every resting buy and sell order, bids on one side and asks on the other, sorted by…
  • BuybackA buyback is a company buying its own shares and cancelling them, so the same profit is spread over fewer shares and…
  • Free cash flowFree cash flow is the cash a business brings in from operations minus what it spends on equipment and buildings.…
  • Earnings beat and missA beat is results above the consensus estimate; a miss is below. Most large US companies beat most quarters because…
  • Dividend aristocratsDividend aristocrats are S&P 500 companies that have raised their dividend every year for at least twenty five years…

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