OVHcloud reported a revenue of €240 million in the first quarter of 2024, marking a 12.0% increase on a like-for-like basis and an 11.0% increase as reported compared to the same period in 2023. The company experienced strong growth in its Public Cloud and Private Cloud segments, with increases of 18.9% and 14.9% respectively, demonstrating good commercial performance across Europe and a continued demand for Sovereign products. OVHcloud also highlighted the smooth start of gridscale's integration and the upcoming deployment of the first Local Zones. The company's alignment with the Green Taxonomy underscores its commitment to sustainability, with significant portions of its revenue and expenditures being eligible and aligned. Additionally, OVHcloud expanded its global footprint by opening a new datacenter in Singapore, offering a full range of Public Cloud products while meeting strict environmental criteria. For FY2024, OVHcloud confirmed its targets, including organic revenue growth of between 11% and 13%, an adjusted EBITDA margin of over 37%, and capital expenditure plans. The company also announced an Investor Day in London on January 17, 2024, where CEO Michel Paulin expressed confidence in delivering value for customers and shareholders by continuing to execute the company's strategy successfully.