Report
OVHcloud : Continuing slowdown in organic growth
>Q3 revenues slightly above expectations - OVH just reported its revenues for Q3 (March-May 2024), with organic growth of +9% to € 251m, a slightly higher level than expected (ODDO BHF/consensus = +8% at € 247m) and showing a fresh slowdown in momentum (Q2 = +10% and Q1 = +12%).The group is being held back in its expansion by 1/ the optimisation of client workloads in the private Cloud (division = +11%), 2/ project deferrals on the part of companies and a slower ...
Underlying
OVH GROUPE
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Emmanuel Matot
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