1、2006 Annual ReportSEE THE WORLDyoull neverthe same way againSeeing is believing.At I/O,we have begun to see our vision turn into reality as we continue to deliver on our full-wave vision.This reality is visible in the three real-world examples showcased in this years report.During 2006,we successful
2、ly executed on our strategy and,as a result,have achieved several noteworthy milestones.Grew revenues and operating income by 40+percentReached a$1 billion market capitalizationSigned BP and Apache as multi-year launch partners for FireFlyExecuted a$29 million purchase order for the fourth VSO syste
3、m with RXTWon a$60 million competitive tender with ONGC,believed to be the largest sale of land systems in the history of the seismic industryWon the largest deal in Sensor history to supply geophones to Saudi AramcoLaunched our Scorpion land acquisition system to improve reliability,reduce costs,an
4、d sustain recent market share gainsCompleted the acquisition of two new GXT BasinSPAN programs in India and the Arctic,with estimated revenues from each in excess of$25 millionCommercialized the reverse time migration processing technique,winning the Best Exploration Technology award from World OilW
5、on a tender for the largest full-wave processing project in company history at Sinopecs XinChang fi eld in ChinaEXCITINGRESULTSgive you reason to keep lookingRobert P.PeeblerPresident&CEODuring 2006,I/O and you,our shareholder,began to capture the benefits of the full-wave vision we laid out for the
6、 company in 2003.Financial performance improved significantly for I/O as many of our businesses delivered both record revenues and operating income during the year.I/O consolidated revenues increased 39%versus 2005 to$503.6 million.Consolidated operating income increased at a faster rate,rising 62%t