Cloud services firm OVH sees flat 2023 profit margins as energy costs bite

French cloud services company OVHcloud forecast on Wednesday flat profit margins in its full-year to end-August 2023 even as revenue is expected to grow, as price hikes only partially offset rising energy costs

OVH said it expects adjusted EBITDA margin growth to be inline with 2022 levels and organic revenue would grow 14-16%, although it said it has not seen any change in its customer behaviour following its price increases.