OVHcloud is on track to exceed €1 billion ($1.16bn) in revenue this year, said company CEO, Benjamin Revcolevschi.

The assertion follows OVH’s publishing of its Q3 FY2025 financial results. Quarterly revenue was €271.9 million ($315.6m), up 9.3 percent year over year (YoY) and just shy of the previous quarter’s €272.5m. The majority of that revenue came from OVH’s private cloud offering, which contributed close to $170m for the quarter.

Despite private cloud remaining the leading offering, public cloud saw a great growth rate YoY, up 17.2 percent, again just below Q2 2025 with 17.3 percent. This, along with increased demand in the US and Asia Pacific regions, has been cited by OVH as a driving force for quarterly growth.

With the public cloud growing, OVH has acknowledged the need for three availability zones-regions for large corporations. Once this is achieved in Paris, OVH is next looking to own such a region in Milan later this year, having acquired a former DXC data center site in December 2024.

In the US, the company has been pushing its Local Zone offerings, with launches in 2025 including in Boston, Massachusetts, and Seattle, Washington. Revcolevschi noted that in total, the US now has ten Local Zones in ten large cities, and that OVH “continues to enrich the solutions that are delivered in our centers in the US.”

Commenting on the results, Revcolevschi said: “OVHcloud demonstrated its resilience in this quarter, and we are on track to exceed €1 billion in revenue this year. We have successfully repositioned several offerings, which enabled us to meet our customers’ needs and boost the acquisition of new customers.

“As the leading European cloud provider, we are at the heart of a new dynamic with the acceleration of enquiries for sovereign solutions. This is the sign of a structural change, with OVHcloud as the sovereign cloud reference,” adding that the company reconfirms all of its annual targets.

The reference to sovereignty is particularly topical, given ongoing tensions between the EU and the US regarding the advisability of relying on US hyperscalers’ cloud platforms.

During the company’s April earnings call, Revcolevschi drew attention to this, arguing: “The choice of a cloud provider is no longer just a technical matter, but also a strategic issue.” Since then, Amazon, Microsoft, and Google have made efforts to strengthen the sovereignty and security of their EU offerings.

Revcolevschi responded to those efforts made by US companies during the latest earnings call, noting: “There’s always a question whether the hyperscalers can guarantee or not whether they will be immune to extra-territorial laws. We always call for transparency of all communication by the competitors on that so that customers understand truly what they are confronting when they choose their supplier for sovereign offerings.”

France remains OVH’s largest market, accounting for 48 percent of the group total and up 7.2 percent year on year, though Europe and “Rest of the World” are increasing, up 8.1 percent and 15.6 percent YoY, respectively.

Regarding full year guidance, OVH is expecting its capex to lie between 30 and 34 percent of its revenue, and organic revenue growth to sit between nine and 11 percent compared to 2024.