OVHcloud raises its revenue growth target for 2022


OVH

OVHcloud raises its revenue growth target for 2022 | Photo credits: OVHcloud

April 14 (Reuters) – Online computing group OVHcloud on Thursday raised its revenue growth target for 2022 on the back of a strong business trend.

OVHcloud, which took its first steps on the stock market at the end of last year, now indicates that it is aiming for revenue growth of between 15% and 17% for its fiscal year ended August 31, against a previous growth forecast of between 12.5 % and 15%.

At the same time, the group maintained its adjusted EBITDA margin target at around 40% for the 2022 financial year.

(Report Diana Mandiá, French version Matthieu Protard)





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