GE also grew its EPS by 4 cents this quarter despite the continued headwinds from the oil and resource industry. There were a lot of positives in GE's Q1'17 earnings, including order growth of 10%, backlog growth of about $3 billion in the quarter driven by strong performance of GE Power (17% growth in revenues), GE Aviation (8.7% growth in revenues) and GE Renewables (8% growth in revenues). GE's cost reduction was also impressive in the quarter, which resulted in about a 130 basis point increase in its overall margins and an increase of 20% in its industrial profits.