UTX - Amazon Lands Carrier as Cloud Computing Client
One week after a strong earnings report sent Amazon.com (NASDAQ: AMZN) stock soaring -- but slowing growth at Amazon Web Services (AWS) was highlighted as a weak spot -- the e-commerce and cloud computing giant moved to clean up that small blemish.
This morning, Amazon announced that AWS has signed up United Technologies (NYSE: UTX) subsidiary Carrier as a cloud computing client. A "leader in heating, ventilating, air-conditioning, refrigeration, fire, security, and building automation technologies," Carrier will now make AWS its "preferred cloud provider," hosting as much as 70% of its computing functions on AWS servers.
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