Baker Hughes records increase in quarterly revenues

Oilfield services provider Baker Hughes, a GE company, posted an increase in its quarterly revenues as well as growth in orders year-over-year.

Before diving into the company’s financial performance for 1Q 2018, it is worth reminding that Baker Hughes completed its merger with GE’s Oil & Gas division in July 2017. Therefore, the performance comparison with the first quarter of 2017 is made on a combined business basis.

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