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France's OVHcloud picks up speed in Q1, on track for 2022 targets

(Reuters) -French cloud computing company OVHcloud reported on Wednesday a rise of 13.9% in its first-quarter revenue, and said it was on track to achieve its full-year...
France's OVHcloud picks up speed in Q1, on track for 2022 targets © Reuters. FILE PHOTO: The logo of French cloud computing company OVHcloud is seen on a data-center building in Strasbourg, France, October 13, 2021. REUTERS/Christian Hartmann

(Reuters) -French cloud computing company OVHcloud reported on Wednesday a rise of 13.9% in its first-quarter revenue, and said it was on track to achieve its full-year objectives.

Citing a good commercial performance with strong customer gains, the cloud services provider posted a revenue of 187.2 million euros ($212.9 million) during September-November.

The group also highlighted the launch of fresh Platform-as-a-service (PaaS) solutions in the quarter, and an acceleration in its international expansion, particularly in the United States and Asia.

"All of these factors allow us to confidently carry out our strategy in order to assert our European leadership, capitalise on the exponential growth of the cloud market and achieve our objectives throughout 2022," Chief Executive Officer Michel Paulin said in a statement.

OVHcloud reiterated that it is expecting its revenue growth to come in the upper half of its initial target range of 10% to 15% and an adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) margin of around 40% in the 2022 fiscal year.

The Europe-based company, which made its market debut in October in one of Paris' biggest new listings of the year, is well-positioned to capitalise on the exponential growth in the global cloud market, Paulin said.

The competitive landscape, however, remains dynamic, with Amazon (NASDAQ:AMZN) Web Services, Microsoft (NASDAQ:MSFT)'s Azure and Google (NASDAQ:GOOGL) Cloud Platform making modifications to their operations to comply with European regulations.

($1 = 0.8792 euros)

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28-01-2022 14:14:27 (UTC+7)

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 EUR/USD1.1147↑ Sell
 GBP/USD1.3377↑ Sell
 USD/JPY115.26↑ Sell
 AUD/USD0.6980↑ Sell
 USD/CAD1.2787↑ Buy
 EUR/JPY128.48↑ Sell
 EUR/CHF1.0382Sell
 Gold1,783.65↑ Sell
 Silver22.280↑ Sell
 Copper4.3018↑ Sell
 Crude Oil WTI86.69↑ Sell
 Brent Oil88.30↑ Sell
 Natural Gas4.662↑ Sell
 US Coffee C235.85↑ Sell
 Euro Stoxx 504,136.91↑ Buy
 S&P 5004,356.20↑ Sell
 DAX15,318.95Buy
 FTSE 1007,466.07Neutral
 Hang Seng23,550.08↑ Buy
 Small Cap 20001,916.80↑ Sell
 IBEX 358,609.80↑ Buy
 BASF68.510↑ Buy
 Bayer52.83↑ Buy
 Allianz227.80↑ Buy
 Adidas236.15↑ Buy
 Lufthansa6.791↑ Buy
 Siemens AG138.34↑ Buy
 Deutsche Bank AG11.912↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,170/ 6,230
(0/ 0) # 1,327
SJC HCM6,180/ 6,250
(0/ 0) # 1,344
SJC Hanoi6,180/ 6,252
(0/ 0) # 1,346
SJC Danang6,180/ 6,252
(0/ 0) # 1,346
SJC Nhatrang6,180/ 6,252
(0/ 0) # 1,346
SJC Cantho6,180/ 6,252
(0/ 0) # 1,346
Cập nhật 28-01-2022 14:14:30
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RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
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Dầu hỏa1779018140
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Ngoại tệMua vàoBán ra
USD22.470,0022.780,00
EUR24.449,3926.003,22
GBP29.369,5930.841,11
JPY189,35201,87
KRW16,1119,77
Cập nhật lúc 18:50:56 28/01/2022
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