Weatherford International's acquisition of Datagration Solutions showcases the growing importance of data integration and analytics in industries, setting a precedent for healthcare.

$WFRD Earnings: - Revenues of $1,409 million increased 7% year-over-year - Operating income of $243 million increased 11% year-over-year - Net income of $157 million increased 28% year-over-year; net income margin of 11.1% - Adjusted EBITDA of $355 million increased 16% year-over-year; adjusted EBITDA margin of 25.2% increased by 197 basis points year-over-year Girish Saligram, President and Chief Executive Officer, commented, “I want to thank the Weatherford team for once again delivering strong margins and adjusted free cash flow despite a volatile macro environment and short cycle activity reductions. The margin performance underscores our ability to deliver strong returns in a softer market environment. Despite continued North America weakness, customer scheduling delays in Latin America and a reduced activity outlook in certain other geographies, we still expect strong revenue growth and adjusted EBITDA margins of greater than 25% for the full year. In the third quarter, Weatherford acquired Datagration, enhancing our position with one of the industry’s most advanced digital offerings for production and asset optimization. The acquisition demonstrates our commitment to driving innovation across our technology portfolio and accelerating our growth in the digital transformation of the energy industry. Following our announcement in the third quarter regarding Weatherford’s first-ever shareholder return program, we paid our first quarterly dividend of $0.25 per share on September 12, 2024, to shareholders on record as of August 13, 2024, and as of September 30, 2024, we have bought back $50 million of ordinary shares. While the macroeconomic environment is volatile and there is heightened risk of geopolitical events creating sector challenges, Weatherford remains focused on fulfillment initiatives, acquisition integrations, and technology commercialization, which should drive further financial performance.” research.alpha-sense.com?doc…

#Weatherford has acquired #Datagration Solutions Inc., a specialist in unified data integration, analytics and machine learning. offshore-mag.com/business-br…

Weatherford acquired Datagration Solutions, establishing Weatherford as having one of the #oilandgas industry's most contemporary digital offerings for #production and #assetoptimization. Read more: ow.ly/wRa950TeIHk #mergersandacquisitions

:Exciting news! 🚀 Datagration is now part of the Weatherford family! Together, we'll drive innovation in digital transformation for the energy sector. Read more: hubs.la/Q02NnTBh0 #Datagration #Weatherford #DigitalTransformation #EnergyInnovation #DataAnalytics

Ready to overcome UDM adoption challenges? 🛠️ Our blog dives into technical, cultural, & organizational hurdles. Gain insights and strategies to navigate the path to success in the data-driven world. hubs.la/Q02zTL9D0 #DataAnalytics #Datagration #DigitalTransformation

News! Datagration is teaming up with a major Middle Eastern NOC to revolutionize production operations with our PetroVisor SaaS platform! 💼🚀 Stay tuned for updates as we lead the way in digital transformation! hubs.la/Q02xp1gZ0 #Oil&Gas #DataAnalytics #Digitalization

Exciting news! Datagration will be at the SPE-GCS Data Science Convention on April 11, 2024, in Houston, Texas. We're joining industry leaders to explore AI's role in the energy sector. hubs.la/Q02skDnq0 #Datagration #AI #Energy #SPEGCS #DataAnalytics

Datagration proudly sponsored SPE GCS's 6th Annual Top Golf Fundraiser! Thanks to all who made it a success. Congrats to our team and winners! 🏌️‍♂️🎉 #Datagration #SPEGCS #TopGolfFundraiser

🎙 Tune in to the latest episode of The IT Crowd Podcast featuring Datagration visionary CEO and Chairman, Peter Bernard! 🌐 Tune in here: hubs.la/Q02kX-R20 #DigitalTransformation #OilAndGas #Energy #ITCrowdPodcast #Datagration #PetroVisor #ArtificialLift #Sustainability

🌐 Exciting News in Energy Compliance! 🛢️ Dive into the EPA's Final Rule for Oil & Gas Operations. 📖 Discover how Datagration's EcoVisor SaaS Platform ensures seamless compliance. 🚀 #EPA #Compliance #Datagration #EcoVisor #EnergyNews Read more: hubs.la/Q02fgW8p0

Intelligent CIO Latin America Feature Datagration Chairman & CEO. hubs.la/Q02dzNPT0✨Our collaboration with Origem Energia 🇧🇷 has been a game-changer! hubs.la/Q02dzLGf0 #partnership #efficiency #technology #oilandgas #dataanalytics #digitaltransformation.

🌐 Datagration's Frederico Justus at COP28, highlighting how our EcoVisor SaaS drives sustainability. 🚀 Explore at hubs.la/Q02cbSZH0. 🌿 #COP28 #Sustainability #Datagration #DataAnalytics

🌐 Explore the power of Datagration's EcoVisor ESG platform with our new self-guided demo tours! 🚀 Thanks to @tourialtech for helping make this possible. 🙌 Ready to take a tour? Click here: hubs.la/Q02bxY_F0 💬 #Datagration #EcoVisor #ESG #Innovation #TakeATour

🚀Datagration's George Voneiff & Bryant Mueller recently shared insights on digital transformation and tech careers at SPE UH. PetroVisor platform showcased as a key player in optimizing upstream operations. Thanks #SPE 🛢️💡 #TechInnovation #PetroVisor #Datagration

🌐 Datagration's David Gönczi Presented "Automated Reservoir Management" at #OPEC Secretariat's 5th Technology Workshop in Vienna. Showcased AI's transformative impact. Thanks to organizers for a fantastic event! #OilAndGasInnovation #AI #EandP #Datagration #TechWorkshop

Exciting job openings at Datagration! 1️⃣ Customer Solutions Engineer 2️⃣ Customer Solutions Project Manager 3️⃣ ESG Director 4️⃣ Senior Developer 5️⃣ Customer Solutions Manager Apply today: hubs.la/Q027Pd0N0 #JobOpportunity #Datagration #TechInnovation #JoinUs

Exciting job openings at Datagration! 1️⃣ Customer Solutions Engineer 2️⃣ Customer Solutions Project Manager 3️⃣ ESG Director 4️⃣ Senior Developer 5️⃣ Customer Solutions Manager Apply today: hubs.la/Q027NW_R0 #JobOpportunity #Datagration #TechInnovation #JoinUs

Explore Datagration's PetroVisor platform in this video! 🎬 PetroVisor is transforming the oil and gas sector with its advanced data analytics, visualization, and integration capabilities. Join the discussion. #OilAndGas #PetroVisor #Datagration #Innovation

SPE Workshop | Montney & Duvernay - Oct 23 - 25, 2023 hubs.la/Q024ScDv0 🌿 Datagration: Empowering Responsible Progress in Montney and Duvernay with PetroVisor and EcoVisor. 💼🌎 #MontneyDuvernayWorkshop #Datagration #Sustainability #Innovation #SPE