OVH

OVH Groupe’s share fell about 8.3% after CFO Stéphanie Besnier announced she will leave the company on August 31. Julien Rabette will take over CFO duties on an interim basis while a search for a successor is under way. The company also announced a reorganization of the executive team as part of its go-to-market transformation, which, together with a high valuation and proximity to the 52-week high, increased selling pressure and left investors cautious ahead of the next quarterly results. » Altro su de.investing.com

The French cloud provider OVH is pushing into the German market and aims to open three new data centers in Berlin by 2027. OVH is also expanding sales for government and public-sector customers under Germany head Helen Wohlfahrt and has already won a direct contract from the Foreign Office. The company positions itself as a European alternative to US hyperscalers, but faces competitors such as Ionos, Schwarz Digits and T-Systems in the public-sector business. » Altro su golem.de