The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: George Webb - Morgan Stanley - Analyst
: Morning, Benjamin Stephanie. I've got three questions, please. Firstly, it looks like a good second quarter. Can you talk a bit about how you're
thinking about the second half and what you've seen so far in March and early April. I guess when we look more broadly, any signs of emerging
weakness, we've seen some parts of software and IT services complex start to talk about that, and I guess within that question, the context of your
reiterated 9% to 11% guidance, the low end of that guidance could mean. That you could still get away with an 8% ish number in the second half.
So is there anything you've seen in March and April and how you think that second half will be useful.
Second question just with with regards to tariffs and supply chains at present, how are you, how are you managing the manufacture of servers out
of Canada into US operations?
And lastly with regards to the topic of generative AI workloads, how big or small are your ambitions in that space? We've seen, over the years an
increasing number of neo clouds out there that are rapidly investing into GPUs. Create pure play data centers. Are you kind of, are you interested
in doing anything at larger scale on that Gen and I side and how do you think about the potential ROI from some of those some of those GPU
workloads and the useful life of those of those chip sets? Thank you.
Question: George Webb - Morgan Stanley - Analyst
: All right. Thanks.
Question: Toby Ogg - JPMorgan Securities Plc - Analyst
: Hi, morning, and thanks for the question. You mentioned there at the beginning a shift in some of the concerns of private and public organizations
in Europe in the context of the geopolitical environment. Could you talk about whether you're seeing that dynamic being reflected in any notable
increases in the pipeline?
Or whether you're seeing this actually translating into growth across any of your product lines and if you're not currently seeing this, could you
talk about the pathway from here and when you would expect to start seeing that dynamic translate into pipeline growth or revenue growth.
Thank you.
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APRIL 17, 2025 / 8:00AM, OVH.PA - Half Year 2025 Ovh Groupe SA Earnings Call
Question: Toby Ogg - JPMorgan Securities Plc - Analyst
: Thank you.
Question: Ines Mao - BNP Paribas - Analyst
: Hello, can you hear me?
Question: Ines Mao - BNP Paribas - Analyst
: Okay, good morning. Congrats for the great results. I just have two questions. So I see the rest of the world revenue growth accelerated, to be
heighten in Q2, and it sense as to how much US contributed to it in general. US is growing more than this. I suspect, do you see this as sustainable
for the rest of 2025? And my second question is on the decisional push you made on hardware CapEx. Are you expecting some uptick in demand
initiate for which specific products or is it more to avoid any potential headwinds from tariff on servers?
Question: Derrick Sung - Bernstein - Analyst
: Yeah, good morning. I hope you can hear me well.
Question: Derrick Sung - Bernstein - Analyst
: I'm far from -- cool cool. I've got four questions, if I may. The first one is on the availability zone and the local zone. Can you, give us or share with
us some metrics that will help us to understand, the dynamics of these new offerings, so the 3 AZ and the and the local zones.
My second question is about telephony and connectivity. Can you update us on what's the weight of this business today and the outlook for this
business and what can you do to mitigate the revenue decline there?
My third question is on a recurring CapEx, so 11.4% of sales in H1 2025. So and you guys for 11% to 13% for the full year. So should we expect you
to be at the upper end of the of this range or any possibility for you to to beat that guidance.
And my fourth question, last question is about the recent announcement of a large contracts, around the in France around the that for healthcare,
sector and Microsoft, I think won a certain, tranche of of this contract. And the message from the customer was that there was no there were no,
other player capability to beat Microsoft or to compete with Microsoft on this type of RFP, participated to this RFP and what was missing to for VH
cloud to to get this deal. Thank you.
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APRIL 17, 2025 / 8:00AM, OVH.PA - Half Year 2025 Ovh Groupe SA Earnings Call
Question: Derrick Sung - Bernstein - Analyst
: And any on the number of customer or that you can share with us or the ramp up of of customer.
Question: Derrick Sung - Bernstein - Analyst
: Thank you. And regarding the health data hub in France, the contract related to the health that I have.
Question: Derrick Sung - Bernstein - Analyst
: Thank you very much. Perfect.
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