Ovh Groupe SA
PAR:OVH
Ovh Groupe SA
In the bustling arena of cloud computing, OVH Groupe SA has carved out a significant presence, emerging from the heart of France to challenge the giants of the digital skies. Founded by Octave Klaba in 1999, the company began its journey by hosting websites, and gradually evolved into Europe's largest cloud computing provider. The core of OVHcloud’s operations is its vast network of data centers that span the globe, stretching across the Americas, Europe, and Asia. These facilities are equipped to provide a range of cloud services, including Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and virtual private servers. The meticulous design of their data centers ensures energy efficiency and reliability, which not only highlights their environmental commitment but also reduces operational costs, enabling competitive pricing.
OVHcloud relies on a pioneering business model built upon both innovation and customer-centricity. By designing and manufacturing its own servers, the company maintains flexibility and agility in its offerings, optimizing the price-to-performance ratio. The company generates revenue through a subscription model, where clients pay for cloud services tailored to their specific needs, whether they are start-ups seeking budget-friendly hosting solutions or enterprises demanding robust, scalable infrastructures for complex applications. As digital transformation fuels a surge in demand for cloud solutions, OVHcloud continues to leverage its strong European roots and global reach to expand its market share, focusing on providing secure, data-sovereign solutions in a landscape increasingly dominated by concerns over privacy and regulatory compliance.
In the bustling arena of cloud computing, OVH Groupe SA has carved out a significant presence, emerging from the heart of France to challenge the giants of the digital skies. Founded by Octave Klaba in 1999, the company began its journey by hosting websites, and gradually evolved into Europe's largest cloud computing provider. The core of OVHcloud’s operations is its vast network of data centers that span the globe, stretching across the Americas, Europe, and Asia. These facilities are equipped to provide a range of cloud services, including Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and virtual private servers. The meticulous design of their data centers ensures energy efficiency and reliability, which not only highlights their environmental commitment but also reduces operational costs, enabling competitive pricing.
OVHcloud relies on a pioneering business model built upon both innovation and customer-centricity. By designing and manufacturing its own servers, the company maintains flexibility and agility in its offerings, optimizing the price-to-performance ratio. The company generates revenue through a subscription model, where clients pay for cloud services tailored to their specific needs, whether they are start-ups seeking budget-friendly hosting solutions or enterprises demanding robust, scalable infrastructures for complex applications. As digital transformation fuels a surge in demand for cloud solutions, OVHcloud continues to leverage its strong European roots and global reach to expand its market share, focusing on providing secure, data-sovereign solutions in a landscape increasingly dominated by concerns over privacy and regulatory compliance.
Strong Revenue Growth: Q3 revenue rose 13.2% like-for-like to EUR 228 million, continuing the company's growth momentum.
Cloud Segment Strength: Public Cloud grew over 20% and Private Cloud by 14.5%, with strong performance in Europe and solid customer acquisition.
Guidance Confirmed: Full-year 2023 guidance reaffirmed: 13-14% like-for-like revenue growth, adjusted EBITDA margin above 36%, and CapEx at the lower end of guidance.
AI & Innovation: OVHcloud is investing in AI hardware and software offerings, including new NVIDIA GPUs and open-source large language models, aiming for strong future growth.
Data Sovereignty: Sovereign cloud solutions revenue up 10x year-on-year, positioning OVHcloud as a European leader amid rising regulatory focus.
Price Increases: Price hikes contributed 2-3% to revenue growth, with no significant impact on churn; full effect to be realized in Q4 and FY24.
Financial Discipline: Cost controls and selective investment are in place, with ongoing focus on productivity and maintaining growth.
