OVHcloud’s Steady Growth and Strategic Expansions

OVH Groupe SAS (FR:OVH) has released an update.

OVHcloud reports a 10.1% revenue increase in Q3 2024, driven by strong demand in the US tech sector and robust growth in their public and private cloud services. The company continues to expand internationally with a new data center in Sydney and the deployment of Local Zones in various locations, while also enhancing its AI offerings with NVIDIA GPUs and advanced models. OVHcloud reaffirms its 2024 financial targets, including organic revenue growth and an EBITDA margin above 37%.

For further insights into FR:OVH stock, check out TipRanks’ Stock Analysis page.