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

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.