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O/T(? - sort of) - Schlumberger profit jumps 63% on strong international growth


HOUSTON — Oil-field services provider Schlumberger Ltd. said Friday its profit spiked 63 per cent in the first quarter, boosted by strong revenue growth in international markets.

Net income rose to $1.18-billion (U.S.), or 96 cents per share, from $722.5-million, or 59 cents per share, a year ago.

Operating revenue jumped to $5.46-billion from $4.24-billion a year ago and $5.35-billion in the fourth quarter of 2006. Oil-field services revenue of $4.76-billion increased 28 per cent year-over-year and 3 per cent sequentially, while revenue in the company's WesternGeco seismic unit rose 33 per cent to $706-million.