OVHcloud meets 2026 targets, posts first positive cash flow since IPO
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7 Articles
OVHcloud meets 2026 targets, posts first positive cash flow since IPO
OVHcloud Targets Faster Growth After First Positive Cash Flow
OVHcloud is targeting faster growth in 2027 after reporting its first positive levered free cash flow since going public, marking a significant milestone in chief executive Octave Klaba's efforts to strengthen the French cloud group's financial performance. The company reported revenue of €1.15 billion for the financial year ending August 31, an increase of 7.2% on a comparable basis. OVHcloud now expects revenue growth to exceed 10% in fiscal 2…
https://www.tradingsat.com/ovhcloud-EN0014005HJ9/actualites/ovhcloud-un-an-après-avoir-decu-ovhcloud-depasse-les-expectations-et-vise-une-growth-a-deux-digits-en-2027-l-action-bondit-de-9-1172053.html
French cloud computing giant OVHcloud reported positive adjusted free cash flow of €24.7 million, its first since its IPO in 2021. The company's annual revenue is approaching €1.15 billion, and its growth target for 2027 has been raised.
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