The logo of French cloud computing company OVHcloud is seen on a data center building in Strasbourg, France, 13 October 2021. REUTERS/Christian Hartmann

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  • Reports 13.9% increase in Q1 earnings, maintains FY outlook
  • Aims to capitalize on the growing global cloud market
  • Improved results by adopting platform-as-a-service solutions
  • Marks the international expansion, especially in the USA and Asia
  • Shares rose 4.7% after bigger gains in early trading

Jan 12 (Reuters) – OVHcloud (OVH.PA) aims to capitalize on the exponential growth of the global cloud market, the French cloud service provider said on Wednesday after its first-quarter revenue beat market expectations on strong customer gains.

The group, which made its market debut in October in one of Paris’ biggest IPOs of 2021, said recent signings include clients such as EDF Renewables (EDF.PA) and HarfangLab confirmed its relevance as a “Trusted Alternative” in the industry.

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