April 22 (Reuters) – Japan’sFujitsu Ltd (Symbol : FJTSF) will invest 50 billion yen ($537.3 million) this fiscal year in cloud computing services internationally, the Nikkei business daily said.

The company, which intends to raise 100 billion yen from sales of cloud computing through fiscal 2011, will install more servers and external memory storages at data centers in the U.S., the U.K., Germany, Australia and Singapore, the paper said.

Fujitsu will also offer new technology that enables a single server to act like an array. The Nikkei said this solution can run normally 99.99 percent of the time and will be reliable as corporate backbone systems.

Using a server will cost about 31 yen an hour. The service can be purchased by one-hour increments and can be used for customer data management and finances, the daily added. ($1=93.06 Yen) (Reporting by Vinay Sarawagi in Bangalore; Editing by Don Sebastian)