—CNBC's Michael Bloom contributed to this report. The information and content are subject to change without notice. Get market updates, educational videos, webinars, and stock analysis. General Electric (GE) Chief Digital Officer Bill Ruh sees the company's digital business, including software and its open source Predix operating system, generating about $7 billion in revenue this year and $15 billion by 2020, up from an earlier estimate of about $10 billion. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. The Likely Fifth $1 Trillion Company Has 13% Upside, Analysts Say, SpaceX Starship Is About To Soar To Its Highest Altitude Yet In Test Flight, Find out why economists and analysts are considering the longer term possibility of a "K" shaped recovery, Stocks Add To Gains After Reversing Higher, Telecom Stocks To Watch And Industry News. GE posted total revenue of $20.524 billion, which represents a year-over-year decline of 8%. On an adjusted per-share basis, the company earned 5 cents. The conglomerate’s total revenue for the year was $122.1 billion. Is T-Mobile Stock A Buy? GE shares rose 1.3% to 31.19 on the stock market today. Revenue: $1 to $2 billion (USD) GE Digital is the team behind the world’s first cloud-based industrial operating system, Predix. We want to hear from you. GE JCR-0C or JCW-0C ABB CSF or CSH Ritz DCCW Itron R6M or R6SA GEC Durham TCW or TFW 100:5, 200:5, 300:5, 400:5, 500:5, 600:5, 800:5 10A-1000A JCT-0S 600:5 6A-1200A GE … The company also said its cash and cash-equivalent holdings topped more than $47 billion along with a revolving debt facility of $15 billion to ride out the virus-induced downturn. 12/08/2020 Authors may own the stocks they discuss. General Electric on Wednesday reported a steep decline in first-quarter revenue as the industrial giant took a hit from the coronavirus pandemic. Immelt said GE Digital is aiming to be "a top 10 software company by 2020." A Division of NBCUniversal. All Rights Reserved. View the latest GE financial statements, income statements and financial ratios. Revenue: $23.36 billion, vs. $22.93 billion expected in the Refinitiv survey. GE's health-care segment, however, saw revenues expand by 7% to $5.292 billion and profit grow to $896 million from $781 million in the year-earlier period. GE's earnings release also indicated the industrial giant expects this quarter to be worse than the first. Orders declined by 14%. GE’s transformation to a “digital industrial” company is a great example of this trend, and the successes the company has achieved on the way can be traced back to a strong vision and commitment from the top. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. General Electric Co. Ownership data provided by Refinitiv and Estimates data provided by FactSet. In 2018, General Electric was among the top 20 largest companies in the United States in terms of revenue and was a leadingcompany in Massachusetts. "The quarter itself was an across the board miss on almost all fronts, and unlike the past, there was no wiggle room below the line on tax or corporate ... to offset.". Cisco Acquires IMImobile, Cloud Communications Software Maker, For $730 Million, All Eyes On Disney As Hollywood Reels From Warner Bros. Shocker. Deck the halls with bigger profits! If so, we want to hear your opinions! General Electric annual revenue for 2019 was $95.214B, a 1.85% decline from 2018. Film strategy to Boost HBO Max income statement for general Electric annual revenue for industrial... 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