) recently announced the expansion of its data center in South
Carolina to meet the fast-growing demand for Internet usage and
data storage capacity.
The expansion will involve an additional investment of $600
million, bringing the total investment at Berkeley County to over
$1.2 billion. Google has been present in South Carolina since
2006 and has invested $600 million for its purchase.
The need for data center expansion is rising due to the
growing demand for cloud computing and the ever-increasing needs
of Internet users. The data centers include large banks with
computer servers that process everything from Internet searches
to email, inquiries to Google maps, YouTube videos and other
Google, being no exception, has also expanded its data center
to meet the requirement of more data-intensive services, such as
Google search, Gmail, Google+ and YouTube. Google has 6 data
centers in the U.S., 3 in Europe, 3 under construction in Asia
and plans to build another one in Chile.
The U.S. independent research firm, Gartner predicts that
datacenter hardware spending will most likely cross $126.2
billion in 2015. These technology warehouses are witnessing
strength, as video streaming, smartphones and apps are boosting
demand for the hard drives needed to run them.
Google delivered a strong third quarter with gross revenue
touching a record $14.10 billion. Revenues from both Google-owned
and partner sites continued to grow double digits on a
Currently, Google retains a Zacks Rank #2 (Buy). We are also
), which carries a Zacks Rank #2 (Buy) and cautious about
International Business Machines
), both of which carry a Zacks Rank #4 (Sell).
GOOGLE INC-CL A (GOOG): Free Stock Analysis
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