On Tuesday, Shares of General Electric Company (NYSE:GE), gained 0.12% to $25.90.
As a digital industrial company focused on answering the unique needs and scale of customers across aviation, energy, healthcare and transportation, GE has declared plans to enter the cloud services market with Predix Cloud. The world’s first and only cloud solution designed specifically for industrial data and analytics, this platform-as-a-service (PaaS) will capture and analyze the unique volume, velocity and variety of machine data within a highly secure, industrial-strength cloud environment.
Predix Cloud will drive the next phase of growth for the Industrial Internet and enable developers to rapidly create, deploy and manage applications and services for industry. With $4B in software revenues in 2014 and projected software revenues of $6B in 2015, GE continues to grow its investment in software.
Predix Cloud will enable operators to use machine data faster and more efficiently, saving billions of dollars annually. By combining GE’s deep domain expertise in information technology (IT) and operational technology (OT), GE’s Predix Cloud will deliver advanced tools like asset connectivity, machine data support and industrial-grade security and compliance.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Shares of SouFun Holdings Ltd. (NYSE:SFUN), inclined 6.22% to $6.83, during its last trading session, as T.H. Capital gave SouFun Holdings shares a new “Buy” rating in a report revealed to investors on Wednesday morning. This is raise from the last “Hold” rating. The financial firm from recently has $8 target on the company, suggesting 16.96% upside potential.
SouFun Holdings Limited operates a real estate Internet portal, and home furnishing and improvement Websites in the People’s Republic of China. The company offers marketing services on its Websites, primarily through advertisements to real estate developers in the marketing phase of new property developments, in addition to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services.
Finally, Sabre Corporation (NASDAQ:SABR), ended its last trade with 3.89% gain, and closed at $27.49, hitting its highest level.
Sabre Corporation declared financial results for the quarter ended June 30, 2015.
Q2 2015 Financial Summary
Sabre merged second quarter revenue raised 9.4% to $707.1 million, contrast to $646.4 million for the same period last year.
Income from ongoing operations totaled $32.6 million, contrast to $6.5 million in the second quarter of 2014. Merged Adjusted EBITDA was $227.6 million, a 6.1% enhance from $214.5 million in the preceding year second quarter. The enhance in merged Adjusted EBITDA is the result of 29.5% growth in Airline and Hospitality Solutions Adjusted EBITDA and a 4.0% enhance in Travel Network Adjusted EBITDA.
For the quarter, Sabre stated income from ongoing operations of $0.12 per share and Adjusted Net Income from ongoing operations (Adjusted EPS) of $0.27 per share.
Cash flow from operations totaled $136.2 million, contrast to $110.1 million in the second quarter of 2014. Second quarter Free Cash Flow was $70.2 million, contrast to $53.3 million in the year ago period. Capital expenditures totaled $66.1 million, contrast to $56.8 million in the year ago period. Adjusted Capital Expenditures, which comprises capitalized implementation costs, totaled $81.3 million, contrast to $66.8 million in the second quarter of 2014.
Sabre Corporation provides technology solutions to the travel and tourism industry worldwide. It operates in two segments: Travel Network, and Airline and Hospitality Solutions.
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