Core Insights - OVHcloud reported organic revenue growth of 6.0% in Q1 FY2026, confirming its annual guidance and indicating positive free cash flow generation [3][12]. Revenue by Product Segment - Total revenue for Q1 FY2026 reached €275.3 million, up from €263.5 million in Q1 FY2025, reflecting a 6.0% year-over-year growth on a like-for-like basis [2][29]. - Private Cloud revenue was €167.2 million, a 4.0% increase year-over-year [7][8]. - Public Cloud revenue grew significantly by 15.8% to €58.2 million, driven by new customer acquisitions and upselling strategies [8][9]. - Web Cloud segment revenue increased by 2.3% to €49.8 million [8][9]. Revenue by Region - Revenue from France was €133.9 million, up 5.1% year-over-year, accounting for 48% of total revenue [9][30]. - Revenue from other European countries (excluding France) was €79.3 million, reflecting a 4.1% increase [10][30]. - The Rest of the World generated €62.1 million, marking a 10.5% growth, primarily due to the expansion of Public Cloud services in the United States [11][30]. Strategic Developments - OVHcloud signed contracts with high-security clients, including LCH, and is expanding its cloud regions in Europe, with a new site in Berlin set to open in early 2027 [4][13]. - The company is enhancing its AI capabilities through a partnership with SambaNova, focusing on improving AI inference performance [4][17]. - OVHcloud's supply chain redesign initiated in 2025 is allowing for consistent service delivery while maintaining financial discipline [5][6]. Financial Outlook - The company confirmed its FY2026 targets, including organic revenue growth of 5% to 7%, an adjusted EBITDA margin above FY2025, and capital expenditures representing 30% to 32% of revenue [15][12].