An industrial giant from New York, General Electric, is one of the strongest company in segments like power, aviation, healthcare, digital industry, and lighting. But, as things stand at the beginning of 2019, the company decided to shift its operations. With the goal to focus on its core industrial roots, the company decided to reduce its financial business.
General Electric Stock: Where Does the Revenue Come From?
In 2018 and at the beginning of 2019, General Electric made the most money out of power, renewable energy, and energy connections. Of course, their aviation and transportation branches are doing quite well. In recent years, General Electric upped its healthcare industry. Their consumer lighting business is rumored to be sold off by 2020. This is because this business won’t be in line with its new business plans.
General Electric Stock Growth Rate: How Profitable is General Electric?
Well, sort of. During the past couple of years, General Electric began to invest more in the software department. For example, they’re well known for their cloud-based OS Predix. Back in 2015, the company received a fairly decent revenue from software. To be precise, $5 billion of revenue from software and software-related products. In 2020, analysts predict that their software revenue will increase by a triple amount – $15 billion. If that happens, General Electric could be in the top 10 software companies worldwide.
Cloud-based business is a big deal nowadays. Their platform Predix joined Microsoft Azure and Amazon Web Services, with all three of them making $5 to $7 billion a year, approximately.
General Electric Stock Value?
At the end of the first quarter of 2019, General Electric stock is at their all-time low. With the stock of $9.12 and a dividend yield of 0.44%, the results aren’t’ fascinating. Comparison-wise, back in 2017, the stock value as slightly above $30. We’ve yet to see how will their software compartment performs. As it stands, it could bring a serious revenue for the company by 2020. Source: fool