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OVHcloud confirms its outlook as public cloud growth accelerates past 20%
OVHcloud reported Q3 FY2026 revenue of €289.6 million, up 6.9% organically, with its Public Cloud segment rebounding sharply to 20.2% growth driven by VPS customer acquisition and expanded availability zones in Paris and Milan. The company reaffirmed full-year guidance of 5–7% organic growth and positive levered free cash flow. Beyond financials, OVHcloud won a share of the EU's €180 million sovereign cloud contract, entered exclusive negotiations to acquire voice-AI startup Gladia, and previewed an agentic AI workspace platform. The broader context is Europe's ongoing debate over whether regional cloud providers can offer genuine sovereignty when their infrastructure still depends on non-European chips.