General Motors Company
) unveiled a state-of-the-art enterprise data center at Warren,
Mich. The company invested $130 million for this data center,
which will act as the computing backbone for the automaker.
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Further, General Motors invest $100 million for building the
second data center at Milford, Mich. With the two new data
centers, the company will be replacing the 23 data centers and
three information technology suppliers around the world.
It is anticipated that the construction of the Milford center
will commence this summer and will be operational Jul 2014
onwards. With these two centers, General Motors plans to create a
secure, private cloud that allows super-computer applications,
servers and data storage to be efficiently and rapidly used among
General Motors intend to build the second center in Milford as it
is closer to the one in Warren, which has mirrored data. If one
of the centers is off line, the other will have the same data
available without interruption. The Milford center will have IT
equipment worth around $158 million.
General Motors is a leading global automotive company. The
company has presence in almost 120 countries and has facilities
located in 30 countries. It currently carries a Zacks Rank #3
General Motors reported a 28.0% fall in earnings to 67 cents per
share in the first quarter of the year from 93 cents in the same
quarter of 2012 (all excluding special items) due to lower
revenues generated from all of the company's geographic
operations except Europe. Despite this, the automaker's earnings
exceeded the Zacks Consensus Estimate by 11 cents per share.
Revenues in the quarter slid 2.4% to $36.9 billion, despite a
3.6% rise in retail unit sales to 2.4 million vehicles globally.
This was higher than the Zacks Consensus Estimate of $36.4
Few stocks that are performing well in the broader industry
STRATTEC Security Corporation
). All the stocks carry a Zacks Rank #1 (Strong Buy).