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Alphabet's (GOOGL) Google Cloud Announces Three New Regions
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Alphabet’s (GOOGL - Free Report) division Google is making every effort to bolster its global cloud footprints on the back of its expanding network of cloud regions.
This is evident from the latest move, wherein Google Cloud announced three new regions, which will be located in Chile, Germany and Saudi Arabia.
Each of these regions, which are expected to go live in coming months and years, will have three availability zones in a bid to offer lower latency to nearby users and protection against service disruptions.
With the new regions, Google’s key offerings will strengthen, which, in turn, will help in catering to the growing demand for cloud services in these countries.
Moreover, this will expand the company’s reach to cloud customers, which will bolster Google Cloud’s adoption rate.
Growing Number of Regions
The latest move bodes well for Google’s growing efforts toward strengthening its network of regions and availability zones.
Notably, regions in Chile and Saudi Arabia will be the first such establishments by Google Cloud in these countries. Further, the new region in Germany will be marked the second in the country.
Apart from these regions, the company unveiled four regions this year among which one is located in Indonesia (Jakarta), one in South Korea (Seoul), and the rest two are in the United States (Las Vegas and Salt Lake City).
Further, the company announced another four regions in Qatar (Doha), Italy (Milan), France (Paris) and Spain (Madrid).
Currently, the company has 24 regions and 73 availability zones in 17 countries, which remains a major positive.
We believe all these endeavors are expected to help Google to strengthen its footprint in the booming cloud market further. This, in turn, is expected to benefit Alphabet’s financial performance in the coming days as Google Cloud has become an integral part of the company.
We believe that the latest move will provide Google with a competitive edge against Amazon (AMZN - Free Report) and Microsoft (MSFT - Free Report) ,which are also leaving no stone unturned to bolster their network of regions and availability zones across the world.
Moreover, the growing number of Google Cloud regions is likely to add strongly to Google’s cloud capacity.
Further, these regions will improve the efficiency of the company’s cloud offerings, which will strengthen its competitive position against the above-mentioned peers as well as other contenders such as IBM, Alibaba (BABA - Free Report) and Oracle.
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Alphabet's (GOOGL) Google Cloud Announces Three New Regions
Alphabet’s (GOOGL - Free Report) division Google is making every effort to bolster its global cloud footprints on the back of its expanding network of cloud regions.
This is evident from the latest move, wherein Google Cloud announced three new regions, which will be located in Chile, Germany and Saudi Arabia.
Each of these regions, which are expected to go live in coming months and years, will have three availability zones in a bid to offer lower latency to nearby users and protection against service disruptions.
With the new regions, Google’s key offerings will strengthen, which, in turn, will help in catering to the growing demand for cloud services in these countries.
Moreover, this will expand the company’s reach to cloud customers, which will bolster Google Cloud’s adoption rate.
Growing Number of Regions
The latest move bodes well for Google’s growing efforts toward strengthening its network of regions and availability zones.
Notably, regions in Chile and Saudi Arabia will be the first such establishments by Google Cloud in these countries. Further, the new region in Germany will be marked the second in the country.
Apart from these regions, the company unveiled four regions this year among which one is located in Indonesia (Jakarta), one in South Korea (Seoul), and the rest two are in the United States (Las Vegas and Salt Lake City).
Further, the company announced another four regions in Qatar (Doha), Italy (Milan), France (Paris) and Spain (Madrid).
Currently, the company has 24 regions and 73 availability zones in 17 countries, which remains a major positive.
We believe all these endeavors are expected to help Google to strengthen its footprint in the booming cloud market further. This, in turn, is expected to benefit Alphabet’s financial performance in the coming days as Google Cloud has become an integral part of the company.
Alphabet Inc. Price and Consensus
Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote
Intensifying Competition
We believe that the latest move will provide Google with a competitive edge against Amazon (AMZN - Free Report) and Microsoft (MSFT - Free Report) ,which are also leaving no stone unturned to bolster their network of regions and availability zones across the world.
Moreover, the growing number of Google Cloud regions is likely to add strongly to Google’s cloud capacity.
Further, these regions will improve the efficiency of the company’s cloud offerings, which will strengthen its competitive position against the above-mentioned peers as well as other contenders such as IBM, Alibaba (BABA - Free Report) and Oracle.
Currently, Google’s parent Alphabet carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>