French cloud computing company OVHcloud reported accelerating revenue growth in its most recent quarter, with organic growth reaching 6.9% in the third quarter — up from 5.1% the quarter before — as its public cloud division drove gains. The company also reaffirmed its full-year financial outlook.
International markets were the primary engine of growth. Revenue from the rest of Europe climbed 7.4%, while markets outside Europe rose 8.6%, both outpacing domestic French growth of 5.8%. The strong international performance suggests that price increases implemented in April have not discouraged customers.
Total revenue for the three-month period ended in May came in at €289.6 million, equivalent to approximately $329.28 million, compared to €271.9 million during the same period a year ago. For the nine months through May, the company generated €844.9 million in revenue, representing 6% growth on a comparable basis.
The public cloud segment — where computing power and storage are delivered over the internet on a pay-as-you-go model — was a standout performer, growing 20.2% to €65.6 million. That segment now represents roughly 23% of total company revenue. Growth there was partly fueled by new customer additions following the rollout of its VPS 2027 virtual server product, which targets smaller businesses.
The private cloud division, which provides dedicated infrastructure managed for individual clients, grew 4.0% to €174.0 million. Meanwhile, the web cloud segment — covering services such as domain names and website hosting — saw a modest 2% increase to €50 million.
OVHcloud’s net revenue retention rate, which measures how much existing customers are spending compared to the prior year, stood at 102%, indicating that current clients are spending more than they did a year ago.
