Ovh Groupe (OVHFF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to OVHcloud H1 full year 2026 results. Today's speakers will be Octave Klaba, Chairman and CEO of OVHcloud and Stephanie Benya, CFO. I now hand over to OVH management to begin today's conference. Thank you. Good morning everybody. I'm Octave Klaba, Chairman and CEO of OVHcloud. Thanks to being with us this morning. Let me start with the key highlights of H1-26. As we announced it, we generated 555 million revenue and EBITDA 227. That means that we generated around a 5.5 like-for-like growth this H1. Our adjusted EBITDA is 40.9%. and that revenue rate, it's more than 100%. And we had this other, another red, if we cash flow 42.3 million. As the key initiative, so as you know, I started, as the CEO six months ago, I make my, a lot of interviews internally, and we already started some strategic initiative in OVH to start this five-year strategic plan that we started with 26 to 30. And inside of that, we announced that we will create, that we actually started to create a vertical defense market. The goal is really to go after the customers and the needs that we had a lot of feedback the last quarter and for this very critical argument that some customers they ask us. Another strategic initiative is really focusing on the sales side on the starters and scalers on the acquisition. we can go deeper inside if you have any question about that. And on the corporate, more focusing on the regular fast closing mid-size deals. And again, I have some highlights if you have the questions about that. And we announced also that we create our AI lab. And it started, it was initiated with this acquisition of Dragon LLM. And it's really to address the growing market that we feel that our customers, they want us to be part, that is agentic AI. And on operatio...