SLB Ltd (NYSE: SLB) reported second-quarter revenue of $8.97 billion, a 5% increase that exceeded Wall Street expectations of $8.67 billion.

The oilfield services provider, formerly known as Schlumberger, posted net income of $786 million, or 52 cents per share, for the quarter. This compares to net income of $1.01 billion, or 74 cents per share, in the same period last year.

Revenue growth driven by key segments

After adjusting for certain one-time items, adjusted earnings per share came in at 55 cents, surpassing the 51 cents expected by analysts surveyed by FactSet.

Total revenue rose 5% year-over-year to $8.97 billion, beating the $8.67 billion consensus estimate from Wall Street.

North American revenue surged nearly 36% to $2.24 billion, offsetting a 2.6% decline in international revenue to $6.67 billion.

Offshore operations and data center demand

Chief Executive Officer Olivier Le Peuch said increased offshore activity in Latin America, Europe, Africa, and Asia helped compensate for ongoing disruptions in the Middle East.

"Excluding the Middle East, all segments saw sequential revenue growth, supported by higher offshore activity, a recovery in U.S. unconventional oil and gas, and strong demand for production enhancement and recovery solutions," Le Peuch stated.

The CEO also highlighted that SLB's data center solutions business is growing rapidly, driven by rising demand and an expanding customer base. The annualized revenue run rate for this business is on track to exceed $1 billion by the end of the year, with the company broadening its service offerings to include engineering, planning, and design services.