OVHcloud Posts 5.5 Percent First Half Revenue Growth
OVHcloud reported 5.5 percent organic revenue growth for the first half. The group confirmed its annual guidance as organic earnings rose by 8.3 percent.
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OVH Groupe SA reported a 5.5% organic increase in revenue for the first half of its financial year, driven by higher spending among its existing clients. The cloud computing company, which is based in France, saw its total revenue reach 555 million euros, or approximately $648 million.
The firm's earnings before interest, taxes, depreciation, and amortization (EBITDA) also showed growth, rising 8.3% organically to 227 million euros.
