The company did not specify the quarter or month when the full benefits would be visible. It had previously said the price increases would fully kick in from the fourth quarter of the current fiscal year.

"We are keeping a close eye on tight cost management while continuing to invest," said CEO Michel Paulin in a statement.

OVH, like many other cloud providers, has raised prices of its services to offset high costs of electricity, which cloud providers need to power their data centres.

"This gradual price increase has not affected the churn rate or customer acquisition momentum," the company said.

Even as economic uncertainty has pushed tech firms like Amazon to cut thousands of jobs, many of them are still investing in cloud capabilities as more companies and governments digitize their operations.

OVH reported sales of 228 million euros ($248.3 million) in the third quarter ended May 31, just ahead of analysts' forecast of 227.8 million euros in a company-provided poll.

The company, which employs more than 2,800 people and operates 37 data centres around the world, also confirmed its 2023 guidance and medium-term targets.

($1 = 0.9182 euros)

(Reporting by Olivier Sorgho and Nathan Vifflin in Gdansk; Editing by Milla Nissi)