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CGG - CGG STOCK NEWS

Welcome to our dedicated news page for CGG (Ticker: CGG), a resource for investors and traders seeking the latest updates and insights on CGG.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CGG's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CGG's position in the market.

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CGG - CGG Announces Launch of Outcome-as-a-Service (OaaS) Offering for HPC and AI Solutions. The new OaaS offering provides customized, cost-effective HPC and AI solutions for scientific and engineering domains, removing the need for significant CAPEX and unpredictable usage-based billing. It leverages the latest compute technology and a novel commercial model to deliver industrialized HPC solutions for AI, simulation, and modelling. Agnès Boudot, EVP, HPC & Cloud Solutions, CGG, emphasizes the goal of helping high-tech industries optimize their workflows and meet business objectives cost-effectively.
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CGG (ISIN: FR0013081864) reported strong financial results for Q3 2023, with revenue of $307 million, up 42% YoY. EBITDAs were $109 million, up 41% YoY, and net cash flow was positive at $63 million. The company's core activities performed well, driven by increased demand for high-end technology, data, and services. The Digital, Energy Transition, and Infrastructure Monitoring markets also saw strong momentum. CGG opened a new UK HPC Hub to support its growth ambitions and signed a new contract this quarter.
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CGG and LightOn have entered into a contract to leverage CGG's industrial High-Performance Computing (HPC) solutions for the evaluation and testing of Large Language Models (LLMs) to support the industrial deployment of AI. LightOn's AI will utilize CGG's HPC & AI Centre of Excellence to benchmark their LLMs and identify optimal solutions.
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CGG, a French company, has a total of 713,676,258 issued shares. The number of actual voting rights is 715,888,520, while the number of theoretical voting rights is 715,913,516. All shares, except treasury shares and registered shares held for more than two years, have the same voting rights.
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CGG to announce third quarter 2023 financial results on November 6th
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CGG announces opening of new UK HPC Hub in Southeast England, with an initial capacity of 100 petaflops and a total global capacity of 500 petaflops. The Hub features CGG's proprietary immersion cooling infrastructure and uses 100% renewable energy. It will benefit CGG's growing client base in high-tech sectors and advance algorithm-intensive technology for subsurface understanding.
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CGG delivers GeoVerse Carbon Storage Gulf of Mexico Study, with westward expansion in progress. Final products for expansion phase available in Q1 2024. Provides critical subsurface information for carbon storage exploration.
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CGG reports total number of voting rights and shares
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CGG reports total number of voting rights and shares
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CGG's subsidiary Sercel introduces a complete portfolio of seabed nodal solutions for OBN seismic surveys, including the GPR300, GPR700, GPR3000, and MicrOBSNT, meeting industry demand. Over 50,000 nodes of the GPR300 have been deployed successfully. The GPR700 extends operations to depths of up to 700m, while the GPR3000 is designed for depths of 3,000m. The MicrOBS is suited for deepwater operations down to 6,000m. Sercel's CEO highlights QuietSeis as the differentiating factor, delivering high-quality datasets for subsurface imaging.
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