OVHcloud meets 2026 targets, posts first positive cash flow since IPO
The French cloud operator said levered free cash flow turned positive as public cloud revenue rose 18.9% and it set 2027 margin targets.
- On Tuesday, French cloud operator OVHcloud reported revenue rose 7.2% to €1.15 billion for the year ending August 31, achieving its first positive levered free cash flow of €24.7 million since its 2021 listing.
- Public cloud revenue increased 18.9% to €255.1 million while adjusted EBITDA rose 9.7% to €480.5 million, a 42.0% margin; CEO Octave Klaba said the year was one of "discipline" and the group had "returned to its fundamentals."
- Klaba told Reuters that OVHcloud maintains 250 megawatts of connected capacity, with 110 MW ready to onboard new clients without requiring construction spending rivals must undertake.
- OVHcloud expects to launch its first AI model in early 2027, with OVHai Workspace releasing a pilot shortly; the company develops models on Jupiter, Europe's fastest supercomputer.
- Klaba called national strategies for European Union AI gigafactories "doomed to failure," arguing a proposed €200 million public commitment to buy AI services over five years is too small to underpin required private investment.
15 Articles
15 Articles
OVHcloud meets 2026 targets, posts first positive cash flow since IPO
The tricolor cloud operator has announced the launch of its own d的IA model, expected at the beginning of 2027. It has recorded its first positive cash flow available since its introduction on the Stock Exchange in 2021. Its share has jumped on the Stock Exchange.
One year after the return to the orders of its founder Octave Klaba, OVHcloud regained a momentum of growth. The group surpassed its annual targets with a sharp acceleration in the fourth quarter. Its profitability is also improving and it anticipates a growth of more than 10% for its new fiscal year. OVHcloud closed its fiscal year 2026, [...]
OVHcloud is about to complete its first language model. The company hopes to publish a first version of its model in open source at the end of November, even though Octave Klaba now evokes a launch at the beginning of 2027. So it no longer wants to focus solely on the computing power dedicated to the IA. The founder and [...]
Octave Klaba, CEO of OVHcloud, announces by the end of November a first large model of open source language, home, that he says "very much ahead of his time." The announcement falls on the day the host publishes his first positive free cash flow since its entry into the stock exchange in 2021.
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