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OVHcloud: Q1 revenues up 15%

( - OVHcloud has had a very good start to the year, reporting revenues of 216 million euros for Q1 2023, up 15.
4% y-o-y.

The IT services group said that OVHcloud's strategic areas of focus - data sovereignty, responsible cloud and innovation - helped accelerate growth in the first quarter, in line with previous quarters.

The group therefore confirms its acceleration trajectory for 2023, targeting organic revenue growth of +14% and +16%, along with an EBITDA margin that is in line with 2022, in addition to its medium-term targets.

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