Google spent $680 million on its data center infrastructure in the third quarter of 2011, a decline from recent quarters. The slight decrease in infrastructure investment is likely tied to the completion of two of the company’s data center projects. Google has just completed the first phase of its data center in Pryor, Oklahoma and also brought online its new facility in Hamina, Finland.
A capital expenditure is an investment in a long-term asset, typically physical assets such as buildings or machinery.
More of the Data Center Knowledge article from Rich Miller