France's SBF 120 newcomer OVH reports 9.3% rise in Q3 revenue
Published by Global Banking and Finance Review
Posted on June 24, 2025
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on June 24, 2025
(Reuters) -French cloud services provider OVH on Thursday reported a 9.35% rise in third-quarter revenue to 272 million euros ($287 million), driven by strong demand for its Public Cloud services, and reaffirmed its full-year forecast.
Revenue from the Public Cloud segment grew 17%, with new customer acquisitions increasing 12%, OVH said.
Its Private Cloud division also logged robust growth, with a 25% jump in new customers during the quarter, attributed to a repositioning of some offerings, CEO Benjamin Revcolevschi stated.
Stock of the company, which joined France's SBF 120 index in June, has risen more than 170% year-to-date, according to LSEG data.
"We are on track to exceed 1 billion euro in revenue this year," Revcolevschi said, adding, "We are at the heart of a new dynamic with the acceleration of enquiries for sovereign solutions."
OVH previously highlighted the growing appetite in Europe for locally developed digital utilities, driven by rising concerns over data and infrastructure sovereignty.
(Reporting by Leo Marchandon; Editing by Janane Venkatraman and Tom Hogue)