OVHcloud, based in Roubaix, announced on October 25, 2023, its annual results for the financial year ending August 31, 2023, showcasing a year of robust growth. The company reported a revenue of €897 million for FY2023, marking a 13.9% increase from the previous year, with a notable 13.4% like-for-like growth. This growth was particularly strong in the fourth quarter, with revenue reaching €230.1 million, a 14.5% like-for-like increase. OVHcloud's success is attributed to its cloud businesses, which now represent over 80% of its operations, and its focus on sustainable cloud solutions emphasizing performance-price ratio and data sovereignty. The company achieved a significant milestone by generating €25 million in unlevered free cash flow in the second half of FY2023, reflecting improved capital expenditure efficiency and a disciplined approach to operating costs. The Private Cloud segment saw a 15.5% revenue increase to €560.1 million, while the Public Cloud segment grew by 22.4% to €154.6 million. OVHcloud's strategic plan aims for further profitability and cash generation improvements in FY2024, with an investor day scheduled in London on January 17, 2024, to present its strategy and outlook.