ovhcloud

OVHcloud's shares fell sharply after the French cloud services provider trimmed its forecast for full-year sales and margins, flagging signs of weakening customer demand. The company now sees organic revenue growth between 13% and 14% in 2023, against a previous outlook of growth in the range of 14%-16%. It expects its 2023 adjusted core profit (EBITDA) margin to be above 36%, against a previous forecast for it to be in line with the 2022 level of 39%. "In March and so far in April, we have seen signs that some clients…

French cloud services provider OVHcloud trimmed its forecast for full-year revenue growth, citing the macroeconomic context and delays in certain projects. The company now sees organic revenue growth between 13% and 14% in 2023, against a previous outlook of growth in range of 14%-16%. The new revenue forecast "includes... recent developments in demand which in the short term reflect a delay in certain migration projects to the cloud or the extension of existing infrastructures," the company said in a statement. Cloud…

Microsoft Corp has offered to change its cloud computing practices to settle antitrust complaints filed by smaller rivals, a person with direct knowledge of the matter said on Tuesday, a move that will stave off an EU investigation. French cloud computing services provider OVHcloud, Italian cloud service provider Aruba and a Danish association of cloud service providers had complained to the European Commission about Microsoft's cloud practices and licensing deals. The U.S. software group has put forward a concrete…

Microsoft's Activision Blizzard deal is one of the 30 biggest acquisitions of all time. It is also the company’s largest deal ever. Microsoft Corp's initial offer to address EU antitrust complaints filed by rivals is insufficient and the U.S. software giant needs to do more, German software provider Nextcloud said, as regulators consider whether to open a formal investigation. French cloud computing services provider and complainant OVHcloud is also waiting for a more concrete proposal from Microsoft, a person with…

French software firm OVHcloud has launched its first data centre in India as it expands in the Asia-Pacific region aiming to capitalise on growing cloud adoption amid heightened concerns over data privacy, it said on Monday. The new data centre in Mumbai will provide Indian businesses with local computer and storage infrastructure to meet changing data compliance needs as India digitalises and pushes for more data protection, OVH said. International Data Corporation (IDC), a market intelligence firm focusing on the tech…

Competitors accuse the software giant of abusing its position as the world’s second-largest cloud company after Amazon.com Inc. to outflank European companies. Microsoft is responding with a mixture of perks and persuasion—and in some cases struggling to make headway. After German cloud-computing company Nextcloud GmbH filed an antitrust complaint against Microsoft with the European Commission, a lawyer for the U.S. giant called Nextcloud with an offer, said its chief executive,…

EU antitrust regulators are quizzing Microsoft's rivals and customers about its cloud business and licensing deals, a questionnaire seen by Reuters showed, in a move that could lead to a formal investigation and renewed scrutiny of the US software company.The European Commission has fined Microsoft a total EUR 1.6 billion (roughly Rs. 13431.2700 crore) in the previous decade for breaching EU antitrust rules and for not complying with its order to halt anti-competitive practices.The company found itself on the EU…