Ovh Groupe (OVHFF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the OVHcloud quarter one for your 2025 revenue. Today's speaker will be Benjamin Refkoleksky, the CEO, and Stephanie Besnia, the CFO. I now hand over to OVH team to begin today's conference. Thank you. Hello, everyone. I'm Benjamin Refkoleksky, the CEO of OVHcloud. So thanks very much for being with us today for our Q1 FY25 revenue conference call. and we would like to wish you a very happy new year for 2025. So let's start with slide three for the key highlights of our Q1 FY25. So as key highlights for the Q1 FY25 publication, we generated €264 million in revenue. We had a solid start of the year with a like-for-like revenue growth of plus 10.1%. compared to last year. And this is on track with our FY25 revenue guidance of 9% to 11%. We also confirm all of our FY25 guidance. And as you can see on the right-hand side of this slide, this solid first quarter growth of 10.1% is driven by an acceleration in public cloud at 15.8%, like for that growth, a robust performance in private clouds at 10.2% like-for-like growth, and a high revenue retention rate at 109%, demonstrating strong client stickiness. Finally, we are pleased to announce the success of our public share buyback offer, which was fully subscribed, enabling us to realign our shareholder base with the company's new development phase. So let's move to slide four and the pillars of our new development phase. I wanted to give you an update on our vision for OVHcloud. OVHcloud has succeeded in building up strong core business fundamentals and we will continue to leverage them to deliver our two priorities. First, on the left, we are now focusing on operational efficiency of our fundamentals to grow revenue and to leverage productivity. And this will help us to deliver more predicta...