OVHcloud Posts First Cash Flow and Sees Faster Growth
French cloud provider OVHcloud reported its first positive levered free cash flow since its 2021 IPO and projected faster revenue growth through August 2027. Shares surged following the milestone as strong digital segment demand boosted annual results.
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OVH GROUPE SA posted its first positive levered free cash flow since its 2021 listing and forecast accelerating revenue growth, lifting shares more than 10% on Tuesday morning. The milestone marks a turning point for Europe's largest hyperscaler as it seeks to challenge industry giants like MICROSOFT CORP and AMAZON.COM INC after five years of cash outflows. Investors are responding to the company's return to operational self-funding and improving profitability margins.
