The business backlog of InterCloud Systems Inc (NASDAQ:ICLD) has gone past its all-time high level. As per the reports, InterCloud System lately announced that it had witnessed an influx of long-term contracts and new purchase orders across all of its business segments. The new business backlog of the company has surpassed $36 million figure.
InterCloud is one of the renowned single source providers of next generation network solutions and end-to-end information technology in the world. Some of its network solutions comprise of Network Function Virtualization (NFV) and Software Defined Networking (SDN) to corporate enterprise markets and telecommunication service providers. The company looks forward to making available its offerings through professional services and cloud solutions.
The senior management of InterCloud updated all the investors about the current state of the company. According to Mark Munro, Chief Executive Officer and Chairman, InterCloud Systems Inc (NASDAQ:ICLD), the business backlog of the company has been growing gradually over the last twelve months. Most of the business InterCloud of the company is with Fortune 100 companies. There are quite a few other reputed companies as well that have successfully managed to enter their names in this list.
The sales activities at InterCloud and enhancing business backlog shows how effective sales pipeline, yet they both contradict with the current performance of its shares in the stock market. The management of the company predicts that the last few months have gone reasonably well, which clearly indicate that the market has started accepting it. If things continue, in the same way, the market presence of the company will start improving in the recent future. It will bring new ways to generate revenues, which will ultimately result in an improved confidence of all the investors.
The entire senior management team of InterCloud hopes that the situation will improve in the coming months and will benefit to both management and investors.