France's SBF 120 newcomer OVH reports 9.3% Q3 revenue growth
The company, which joined France's SBF 120 index in June, said its Public Cloud offering grew 17%, with new customer acquisition rising 12%. Its Private Cloud segment also expanded, reporting a 25% increase in new customers during the quarter.
OVH reaffirmed its full-year guidance.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
19 minutes ago
- Reuters
LVMH sales weaker than expected as luxury sector awaits US trade deal
PARIS, July 24 - Luxury bellwether LVMH ( opens new tab reported a slightly worse than expected 4% decline in quarterly sales on Thursday, though CFO Cecile Cabanis expressed confidence for the rest of the year. Sales for the second quarter to the end of June fell 4% to 19.5 billion euros ($22.96 billion) compared with a consensus forecast for a 3% decline compiled by Visible Alpha, cited by UBS. Sales at the group's fashion and leather division, accounting for the bulk of profits, were down 9% amid a deepening gloom in the industry, below expectations for a 6% drop. Chief Financial Officer Cabanis said on a call with reporters that she was still "rather confident" about the rest of the year as the group expected trade talks between the EU and the Trump administration to deliver good news soon. Asked how LVMH would view a potential general tariff rate of 15% anticipated for exports to the United States, Cabanis said that would be an "overall good outcome for the general mood of our clients". With the exception of wines and spirits, where customers are much more resistant to price rises, Cabanis said LVMH's brands, which include Louis Vuitton, Dior and Bulgari could draw on their pricing power to mitigate the tariff impact. ($1 = 0.8493 euros)
Reuters
19 minutes ago
- Reuters
France's EDF reports 17% drop in first-half profit
PARIS, July 24 (Reuters) - France's EDF posted a 17% drop in first-half core profit on Thursday, after low European power prices eroded earnings from higher nuclear power output. The state-owned utility said earnings before interest, taxes, depreciation and amortisation (EBITDA) for the six months to end-June came to 15.5 billion euros ($18.24 billion), down from 18.7 billion a year earlier. Net debt stood at 50 billion euros, down from the 54.3 billion euros recorded at the end of last year. ($1 = 0.8498 euros)
Reuters
19 minutes ago
- Reuters
Valeo cuts 2025 sales outlook, sees forex impact of 750 million euros
July 24 (Reuters) - French car parts supplier Valeo ( opens new tab cut its 2025 sales outlook on Thursday, citing an adverse currency impact of 750 million euros. The designer and producer of car components and integrated systems now expects sales of around 20.5 billion euros ($24.1 billion) this year, down from the 21.5-22.5 billion euros it forecast previously.
