France-based cloud provider OVHcloud generated revenues of EUR 187.2 million for the fiscal quarter that ended on 30 November, up 13.9 percent year-on-year on a reported basis. The growth rate was 13.5 percent when excluding the impact of the fire incident at OVHcloud’s data centre in Strasbourg, and adjusting for scope/currency movements. The company said that its performance was in line with expectations and confirmed the full-year financial guidance issued in mid-November, as well as its medium term objectives.
The Private Cloud segment, including bare-metal and hosted services, saw revenues increase 14.3 percent on a like-for-like basis to EUR 113.3 million, while Public Cloud revenues jumped 22.4 percent to EUR 29.0 million. Web Cloud and other services generated EUR 44.9 million, up 6.6 percent.
Geographically, France posted a like-for-like increase of 8.7 percent, accounting for half of OVHcloud's overall revenues. Other European markets generated EUR 53.5 million (+12.7%), and the rest of the international operations achieved a like-for-like growth rate of 28.2 percent, based on EUR 40.5 million worth of revenues. The company highlighted its performance in the US (+41.0%) and Asia (+20.7%), where the Private Cloud segment grew strongly in the quarter.
