France's OVHcloud downgrades 2023 target following H1 results

Paris-based cloud computing company OVHcloud has cut its FY2023 forecast despite posting strong growth in its H1 results for the six months to 28 February 2023.  The cloud provider saw revenues grow 15 per cent to €439m. Within that private cloud brought in €273m, up 17.4 per cent.  Meanwhile, public cloud logged revenues of €74m, representing a spike of 24.1 per cent.  EBITDA climbed 18 per cent to €152m. However, the group recorded a net income loss of €26.6m which includes a ne...