Latest news with #BenjaminRevcolevschi
Arabian Post
4 days ago
- Business
- Arabian Post
European Cloud Champion OVHcloud Eyes €1 Billion Milestone
OVHcloud posted €271.9 million in revenue for its third quarter of fiscal 2025, representing organic growth of 9.3%, and confirmed its projection to exceed €1 billion in annual revenue. The Paris‑listed cloud provider attributed the Q3 gains to sustained demand for its Public Cloud arm, which grew 17.2% year‑on‑year to €53.6 million, and a revival in Private Cloud, with new customer intake climbing over 25% in its bare‑metal offering. Web Cloud & Other services also nudged up 3.8%. CEO Benjamin Revcolevschi underlined that the business 'demonstrated its resilience' and reiterated that OVHcloud remains 'on track to exceed €1 billion in revenue this year'. The company confirmed its guidance for full‑year organic revenue growth of between 9% and 11%, an adjusted EBITDA margin around 40%, capital expenditure at 30–34% of revenue, and unlevered free cash flow of at least €25 million. ADVERTISEMENT Revenue at a glance In the quarter ended 31 May, Private Cloud generated €169.3 million, up 8.6%, and remains the bulk of activity at 62.3% of total revenues. Public Cloud now accounts for nearly 20%, buoyed by new AI and data analytics products and growth in major regions. Web Cloud & Other includes domains and hosting, which saw modest expansion. Geographically, OVHcloud continues to strengthen beyond its domestic market. France contributed 48% of total revenues, growing 7.2%; ex‑France Europe grew 8.1%; and Rest of World—encompassing North America and Asia–Pacific—surged 15.6%. Drivers of the surge include sovereign cloud interest within Europe, a trend prompted by concerns over data sovereignty and geopolitical tensions over hyperscalers. Revcolevschi stressed that choosing a cloud provider 'is no longer just a technical matter, but also a strategic issue'. OVHcloud is positioning itself as a 'sovereign cloud reference,' responding with new offerings like a '3‑AZ Region' in Milan and expanding its first data‑centre footprint in Italy. The United States continues to be a growth pole, where OVHcloud is rolling out Local Zones in cities such as Boston and Seattle, now totalling ten across the country. The Asia‑Pacific region also showed robust uptake of both public and private cloud services. OVHcloud's inclusion in France's SBF 120 index this June follows a more than 170% increase in the company's stock price this year. Management aimed to ensure fiscal discipline alongside growth, maintaining cost control and a net revenue retention rate of 104%, indicating that existing customers are expanding their usage. Key product and infrastructure milestones were outlined in the company's Q3 investor presentation. Its new Data Platform PaaS, a unified solution for data integration and analytics, and AI Endpoints, which provides easy API access to models including LLaMA, Mistral and Qwen, signify its commitment to AI and data services. The forthcoming Milan region, scheduled for late 2025, fulfils the promise of a European triple‑zone site; a key strategic move for corporations needing multi‑AZ frameworks. Boardroom changes were also noted: Bernard Gault stepped down as lead director on 23 June, succeeded by Pierre Barrial, a former IDEMIA CEO; and Christophe Karvelis‑Senn joined as a non‑voting director, bringing extensive private equity experience. OVHcloud's Q3 results add to a broader continental shift. In an environment where cloud sovereignty is increasingly viewed through a political and regulatory lens, European enterprises and governments are seeking to diversify away from US hyperscalers. OVHcloud, with its integrated model—from server design to data‑centre operations—bets on delivering competitive pricing, full data control, and a lower carbon footprint. Investors have responded positively. The SBF 120 listing recognises not only OVHcloud's growth but also its liquidity and free float standing. With capital expenditures making up just under a third of revenues, the firm retains flexibility to expand capacity without straining cash flow. As public cloud accelerates—boosted by AI, analytics and sovereign demand—OVHcloud positions itself as the front‑runner among Europe‑based providers. With disciplined financial management, new products in AI and a growing global footprint, its progress toward the €1 billion mark reflects a strategic blend of growth and resilience.
Yahoo
24-06-2025
- Business
- Yahoo
France's SBF 120 newcomer OVH reports 9.3% rise in Q3 revenue
(Reuters) -French cloud services provider OVH on Thursday reported a 9.35% rise in third-quarter revenue to 272 million euros ($287 million), driven by strong demand for its Public Cloud services, and reaffirmed its full-year forecast. Revenue from the Public Cloud segment grew 17%, with new customer acquisitions increasing 12%, OVH said. Its Private Cloud division also logged robust growth, with a 25% jump in new customers during the quarter, attributed to a repositioning of some offerings, CEO Benjamin Revcolevschi stated. Stock of the company, which joined France's SBF 120 index in June, has risen more than 170% year-to-date, according to LSEG data. "We are on track to exceed 1 billion euro in revenue this year," Revcolevschi said, adding, "We are at the heart of a new dynamic with the acceleration of enquiries for sovereign solutions." OVH previously highlighted the growing appetite in Europe for locally developed digital utilities, driven by rising concerns over data and infrastructure sovereignty.
CNA
24-06-2025
- Business
- CNA
France's SBF 120 newcomer OVH reports 9.3% rise in Q3 revenue
French cloud services provider OVH on Thursday reported a 9.35 per cent rise in third-quarter revenue to 272 million euros ($287 million), driven by strong demand for its Public Cloud services, and reaffirmed its full-year forecast. Revenue from the Public Cloud segment grew 17 per cent, with new customer acquisitions increasing 12 per cent, OVH said. Its Private Cloud division also logged robust growth, with a 25 per cent jump in new customers during the quarter, attributed to a repositioning of some offerings, CEO Benjamin Revcolevschi stated. Stock of the company, which joined France's SBF 120 index in June, has risen more than 170 per cent year-to-date, according to LSEG data. "We are on track to exceed 1 billion euro in revenue this year," Revcolevschi said, adding, "We are at the heart of a new dynamic with the acceleration of enquiries for sovereign solutions." OVH previously highlighted the growing appetite in Europe for locally developed digital utilities, driven by rising concerns over data and infrastructure sovereignty.
Globe and Mail
17-04-2025
- Business
- Globe and Mail
Europe Ditching U.S. Cloud Giants Microsoft (MSFT) and Google (GOOGL) in Anti-Trump Backlash
Amazon (AMZN), Alphabet (GOOGL) and Microsoft (MSFT) have been warned by a French cloud computing rival that European nations are thinking twice about using U.S. tech following tariff trade tensions. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Europe Rethinking Cloud Choices As reported by Reuters, Benjamin Revcolevschi, chief executive of OVHCloud said global trade tensions are making European companies rethink their choice of cloud provider from a more strategic perspective. This is in reference to President Donald Trump's tariff strategy which includes huge hikes on EU imports to the U.S. but also what is being perceived as his lukewarm attitude to the continent. He has decried the EU, thundering that it was established to 'screw the U.S.,' as well as undermining its support for Ukraine in the war with Russia and worrying politicians and military leaders about its commitment to NATO. 'In the current geopolitical context, we are seeing a shift in the concerns of private companies and public organizations in Europe. Questions of strategic autonomy are now on CEOs' agendas,' Revcolevschi said. 'The choice of a cloud provider is no longer just a technical matter, but also a strategic issue.' U.S. Tech Vulnerability OVHCloud is a data center provider operating 43 facilities across four continents and is clearly a rival of the U.S. tech stalwarts. It is natural that it would look to raise concerns to tempt more companies, intent on using data centers and cloud computing to power the AI revolution, to use its tech instead. But it does show how vulnerable previously dominant U.S. tech firms are to the current political environment and the push towards more strategic and digital independence in Europe. That can be seen in the number of antitrust cases being launched in Europe against U.S. tech and more calls for the development of European tech to keep pace and compete. The news did little to damage U.S. tech stocks with MSFT up 0.75% in pre-market trading, GOOGL up over 1% and Amazon up 1.2%. What are the Best AI Stocks to Buy? We have rounded up the best AI stocks to invest in using our TipRanks Comparison tool. Disclaimer & Disclosure Report an Issue
Yahoo
17-04-2025
- Business
- Yahoo
European firms rethink cloud provider choices amid trade war, OVHCloud CEO says
(Reuters) - The CEO of OVHCloud, a leading European data centre provider that operates 43 facilities across four continents, said on Thursday that global trade tensions were making European companies rethink their choice of cloud provider from a more strategic perspective. WHY IT'S IMPORTANT Data centres and computing power are crucial in the global AI race as they are necessary technical bricks to train and operate AI models. Companies also utilise data centres and cloud solutions for various digital activities beyond AI applications. The market is largely dominated by three U.S.-based hyperscalers: Amazon Web Services (AWS), Microsoft Azure and Google Cloud. Amid the escalating trade war, questions are arising about European dependence on American digital solutions. KEY QUOTE "In the current geopolitical context, we are seeing a shift in the concerns of private companies and public organisations in Europe. Questions of strategic autonomy are now on CEOs' agendas," CEO Benjamin Revcolevschi said in a quarterly earnings statement. "The choice of a cloud provider is no longer just a technical matter, but also a strategic issue." BY THE NUMBERS OVHCloud's main competitor Iliad, via its subsidiary OpCore that operates the group's 13 data centres, is set to invest 3 billion euros ($3.4 billion) in AI infrastructure, specifically computing power and data centres. WHAT'S NEXT The comments by Revcolevschi and the large investments announced by Iliad signal a broader trend of European companies seeking to reduce dependence on U.S.-based digital solutions, which is likely to shape the strategic decisions of other companies in the region. ($1 = 0.8802 euros) Sign in to access your portfolio
