Boston, MA 10\/11\/2013 (wallstreetpr) –\u00a0General Electric Company (NYSE:GE) is a well diversified conglomerate with presence in many countries and market segments. Its shares are currently being traded at $24.25 near to the 52 high of $24.95. The 52 week low was at $19.87. GE expects that the future is in gen-next technologies and is betting big on its ambitious internet plans. It is expecting Predix solutions to contribute significantly as the technology is applied to new industries. Predix is a new industrial internet predictivity tool that will enable industries to minimize unplanned downtime thereby increasing productivity, increase fuel efficiency thereby reducing fuel costs and reduce emissions. The company is also in talks with Cisco, Intel and AT&T to expand the reach of this application and it will throw this open to third party partners and developers in 2014. GE now offers 24 Predictivity solutions. The company has already recorded revenues of $290 million with a backlog of $400 million. It plans to leverage its $160 billion service backlog to develop and commercialize such technologies. It expects that software sales will grow by more than 15% annually.<\/p>\n
\u00a0The company is also trying to divest itself of non-core assets. Out of the seven business segments of GE, six reported earnings growth in 2Q13 with three posting double digit growths. GE capital still forms a large chunk of the business contributing about 30 % of both its revenues as well as earnings.GE capital is expected to pay $6.5 billion as dividend to GE this year.<\/p>\n
The markets will be closely watching as it announces its 3Q13 results, a few days from now. Analysts are looking at double digit EPS growth on the back of improvement in margins and higher efficiencies. Not all sectors are expected to perform, some sectors are lagging behind. However, aviation, oil & gas and transportation sectors are expected to post double-digit growth.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 10\/11\/2013 (wallstreetpr) –\u00a0General Electric Company (NYSE:GE) is a well diversified conglomerate with presence in many countries and market segments. Its shares are currently […]<\/p>\n","protected":false},"author":32,"featured_media":9853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[90,3090,1665,1664],"stock_ticker":[],"class_list":["post-9852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ge","tag-general-electric-company","tag-general-electric-company-nysege","tag-nysege","entry"],"acf":[],"yoast_head":"\n