France's OVHcloud first-quarter sales jump 12% on Europe boost


The logo of French cloud computing company OVHcloud is seen at the companys building in Paris France January 25 2023. REUTERSSarah MeyssonnierFile Photo

The logo of French cloud computing company OVHcloud is seen at the company's building in Paris, France, January 25, 2023. REUTERS/Sarah Meyssonnier/File Photo

(Reuters) - French cloud services provider OVHcloud on Thursday posted higher first-quarter sales, roughly in line with expectations, helped by a solid performance in Europe, while maintaining its targets for this year and 2025.

Sales in the quarter grew 12.0% on a like-for-like basis to 239.8 million euros ($263.30 million), nearly matching a company provided consensus expectation of 12.5% growth.

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