Amazon rises as AWS named preferred cloud vendor for Southwest Airlines
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Amazon (NASDAQ:AMZN) shares rose fractionally in premarket trading on Wednesday as the company's cloud computing unit was named the "preferred" vendor for Southwest Airlines (NYSE:LUV).
In a statement, Southwest (LUV) said it chose Amazon Web Services to continue its digital transformation. AWS will be used to aid the airline's plan to enhance its relationship with customers, optimize its operating and continue to invest in IT infrastructure.
Terms of the deal were not disclosed.
On Tuesday, Goldman Sachs said Amazon (AMZN) was "solidly a top pick" at the investment bank despite some weak performance since the companyâs early February earnings results.