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France’s OVHcloud on track for full-year targets -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The French cloud computing company OVHcloud’s logo can be seen on a Strasbourg data center building, France, 13 October 2021. REUTERS/Christian Hartmann

(Reuters) OVHcloud, a French cloud computing firm, reported Wednesday a 13.9% rise in revenues for the first quarter. The company also said that they were on track to meet their full-year goals.

Newly listed cloud service provider Cloud Services posted 187.2 million euro ($212.92million) in revenues for the period. That’s up from 164.3 millions a year prior.

OVHcloud has confirmed that revenue growth will be higher than its original target of 10%-15% in 2022.

($1=0.8792 euros)

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