OVHcloud reports sales growth of 11% to €240 million for the first quarter of 2024, with like-for-like growth of 12%, including +18.9% for public cloud and +14.9% for private cloud.

The group highlights a good sales performance in Europe and sustained demand for sovereign offerings, as well as a 'successful launch of gridscale integration with the first local zone deployments in the coming months'.

OVHcloud confirms its annual targets for 2024, including organic sales growth of between 11% and 13%, an adjusted EBITDA margin in excess of 37%, and generation of unlevered free cash flow in the second half of 2024.

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