GE shifts strategy, financial targets as it goes digital
Fri, Sep 01, 2017 - 5:50 AM
GE expects US$12 billion in digital revenue in 2020, compared with US$15 billion under the old definition. The company's total revenue hit nearly US$124 billion last year.
GENERAL Electric (GE) wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people familiar with the business...