OVHcloud: sales up 10% in Q1
(CercleFinance.com) - OVHcloud has posted sales of E263.
5m for Q1 2025, up 9.9% on a reported basis (+10.1% LFL) compared to the same period a year earlier.
The IT services group explains that this momentum is the result of very good customer loyalty materialized by a high net sales retention rate, which stands at 109% on a like-for-like and reported basis.
Our double-digit growth in the private and public clouds is being driven by our new product ranges, our sovereign offerings and our AI solutions, management said, also pointing to a stronger international presence.
With these performances in line with its forecasts, OVHcloud confirms its targets for FY 2025, including organic sales growth of between 9% and 11%, and an adjusted EBITDA margin of around 40%.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
5m for Q1 2025, up 9.9% on a reported basis (+10.1% LFL) compared to the same period a year earlier.
The IT services group explains that this momentum is the result of very good customer loyalty materialized by a high net sales retention rate, which stands at 109% on a like-for-like and reported basis.
Our double-digit growth in the private and public clouds is being driven by our new product ranges, our sovereign offerings and our AI solutions, management said, also pointing to a stronger international presence.
With these performances in line with its forecasts, OVHcloud confirms its targets for FY 2025, including organic sales growth of between 9% and 11%, and an adjusted EBITDA margin of around 40%.
Copyright (c) 2025 CercleFinance.com. All rights reserved.