OVHcloud’s latest earnings suggest more than just strong numbers. As it edges toward that €1 billion milestone, the story unfolding is just as much about shifting global dynamics in the cloud industry as it is about revenue growth.
The French-based cloud provider reported €271.9 million in quarterly revenue, up 9.3 percent from last year. While private cloud remains its biggest earner, the public cloud division is catching up fast, growing over 17 percent year over year. This momentum, paired with increasing demand from North America and Asia-Pacific, has placed OVH on track to hit its full-year targets.
CEO Benjamin Revcolevschi highlighted more than just financial growth during the earnings call. He pointed to the rising urgency around data sovereignty in Europe, as concerns mount over relying too heavily on US hyperscalers. “The cloud is no longer just a technical decision—it’s a strategic one,” he emphasized.
To meet demand, OVH is ramping up infrastructure expansion. In Paris, it’s working to complete a region with three availability zones for larger enterprise use. Milan is next, following last year’s acquisition of a DXC Technology data center. In the US, OVH now operates ten Local Zones across major cities like Boston and Seattle.
Despite challenges, France remains the company’s biggest market, contributing nearly half of total revenue. But growth outside its home turf is accelerating, particularly in the rest of Europe and international markets.
Revcolevschi didn’t shy away from addressing moves by competitors like Google and Microsoft to localize EU offerings. He called for greater transparency regarding extra-territorial laws that may still affect those services. His message was clear: true sovereignty goes beyond infrastructure—it demands legal and operational clarity.
