OVHCLOUD : Oddo BHF raises its opinion
After the profit warning issued last April, the group's sales showed organic growth of 13% to 228 million euros, a level exactly in line with expectations, and therefore does not justify any change in the research firm's forecasts.
OVH's challenges remain numerous, with an industry that has been experiencing a sharp slowdown in growth momentum for several quarters, unfair competition from American hyperscalers and a model that is too capex-intensive", it judges.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Go to the original article.
Contact us to request a correction