{"id":754397,"date":"2023-05-03T11:48:12","date_gmt":"2023-05-03T15:48:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cgg-announces-its-q1-2023-results\/"},"modified":"2023-05-03T11:48:12","modified_gmt":"2023-05-03T15:48:12","slug":"cgg-announces-its-q1-2023-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cgg-announces-its-q1-2023-results\/","title":{"rendered":"CGG Announces its Q1 2023 Results"},"content":{"rendered":"
\n

\n A <\/strong>
\n strong<\/strong>
\n start <\/strong>
\n to<\/strong>
\n the <\/strong>
\n year :<\/strong>\n <\/p>\n

\n Revenue <\/strong>
\n at $2<\/strong>
\n 1<\/strong>
\n 0<\/strong>
\n m, <\/strong>
\n up <\/strong>
\n 3<\/strong>
\n 7<\/strong>
\n %<\/strong>
\n y-o-y<\/strong>\n <\/p>\n

\n Ebitda<\/strong>
\n at $<\/strong>
\n 6<\/strong>
\n 6<\/strong>
\n m, <\/strong>
\n up <\/strong>
\n 7<\/strong>
\n 1<\/strong>
\n %<\/strong>
\n y-o-y<\/strong>\n <\/p>\n

PARIS, France \u2013 May <\/em>3<\/em>, <\/em>2023<\/em> \u2013 CGG<\/strong> (ISIN: FR0013181864), a global technology and high-performance computing (HPC) leader,<\/strong>\u00a0announced today its first quarter 2023 non-audited results.<\/p>\n

\n Commenting on these results, Sophie Zurquiyah, CGG CEO, said:<\/strong>\n <\/p>\n

\u201cWe <\/em>delivered a <\/em>strong start to the year<\/em>, supported<\/em> by robust performance in Geoscience, increased Earth Data sales, mainly in the Gulf of Mexico, and expected equipment deliveries in Sensing and Monitoring. I was pleased to see the continued progress of our Beyond the Core activities during the quarter, especially the signature of our first external HPC & Cloud Solutions contract, with <\/em>BioSymulitics<\/em>, supplying specialized HPC services to support their AI-enhanced molecular Pharma modelling.<\/em>
Looking ahead,<\/em>our clients<\/em> are ramping up their longer-term exploration efforts with increasing emphasis on efficiency, effectiveness, and lowering their carbon footprint. Based on the market leading position of our advanced technology, across all Business Lines, and the continued growth of the digital and decarbonization markets, CGG is well positioned to answer the needs of our clients, reinforcing our confidence in delivering our 2023 objectives.<\/em>\u201d<\/em>\u00a0<\/em><\/p>\n\n\n
\n Q1 <\/strong>
\n 2023<\/strong>
\n : <\/strong>
\n A strong start to the year<\/strong><\/p>\n

\u00a0<\/p>\n