French cloud provider OVHcloud reported a revenue increase to €289.6 million in its fiscal third quarter, driven by a significant 20.2% growth surge within its public cloud segment.

Key Points

• Revenue for the quarter ending in May reached €289.6 million, representing a 6.9% like-for-like increase.
• The Public Cloud segment grew by 20.2%, recovering sharply from 12.9% growth in the previous quarter.
• Private Cloud revenue rose 4.0% to €174.0 million, while Web Cloud grew 2.0% to €50.0 million.
• OVHcloud reaffirmed its full-year financial guidance and long-term objectives for 2026.
• The company secured a portion of a €180 million European Commission sovereign cloud contract alongside partners.
• OVHcloud entered exclusive negotiations to acquire voice-AI specialist Gladia to bolster its OVHai unit.

Why it Matters

As a primary European alternative to American hyperscalers, OVHcloud’s performance serves as a key indicator for the continent's digital sovereignty ambitions. The company's ability to maintain growth while navigating complex infrastructure dependencies highlights the ongoing challenges and opportunities for regional providers in the global cloud market.