OVHcloud: 26% revenue growth in third quarter
(CercleFinance.com) - OVHcloud announces revenues of 202 million euros for the third fiscal quarter, up 25.
9%. This represents 11.7% like-for-like growth (at constant exchange rates and consolidation scope, and excluding the direct effects of the Strasbourg incident).
OVHcloud's ability to grow with its clients has translated into a net revenue retention rate of 120% for the period. The group has also continued to sign up new clients, such as the French Marine Nationale or TBS-Education in Spain.
Despite the deterioration in the macro-economic environment, OVHcloud has raised its revenue growth target for this financial year and now expects it to come in at between 16% and 18%, up from the 15%-17% range communicated in the first half of the year.
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