WILMINGTON, N.C., Jan. 03, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ:NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced the implementation of its mortgage origination and closing solutions from nCino's Mortgage Suite by Camden National Bank. Camden National Bank is a nationwide lender with branches predominantly concentrated in Maine and Massachusetts. The Bank's replacement of its legacy mortgage point-of-sale (POS) technolo ...

Leaders in cloud innovation reinforce alliance to provide best-in-class solutions to the financial services industry by extending successful partnership to 2031 Updated commercial terms expected to improve nCino's subscription gross margins WILMINGTON, N.C., Dec. 21, 2023 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ:NCNO), a pioneer in cloud banking for the global financial services industry, today announced an expanded partnership with Salesforce to accelerate the delivery of best-in-class cloud solutions to th ...

Financial Data and Key Metrics Changes - Total revenues for Q3 fiscal 2024 were $121.9 million, an increase of 16% year-over-year [36] - Subscription revenues for Q3 were $104.8 million, up 19% year-over-year, representing 86% of total revenues [36] - Non-GAAP operating income for Q3 was $20.4 million compared to $2.5 million in Q3 fiscal 2023, with a non-GAAP operating margin of 17% [37] - Non-GAAP net income attributable to nCino for Q3 was $16.2 million or $0.14 per diluted share, compared to a loss of $1.4 million or negative $0.01 per share in Q3 fiscal 2023 [14] Business Line Data and Key Metrics Changes - The U.S. mortgage business experienced double-digit revenue growth despite lower origination volumes and increased churn [3] - Professional services revenues were $17.2 million in Q3, growing 1% year-over-year, impacted by pressure on bill rates [36] - Non-U.S. revenues were $23.4 million, accounting for 19% of total revenues, up 48% year-over-year, with strong growth in Australia and New Zealand [13] Market Data and Key Metrics Changes - Approximately 60% of gross ACV bookings in Q3 came from existing customers, with 50% of platform customers using more than one product [11] - The mortgage pipeline is now comprised of 60% financial institutions, indicating a shift in market focus [33] - The company signed its largest customer to date in Japan, Yamaguchi Financial Group, a $150 billion asset bank [10] Company Strategy and Development Direction - The company aims to leverage its extensive SI ecosystem to provide professional services and prioritize subscription revenues over professional services revenues [13] - nCino is focusing on cross-selling into underpenetrated banking and credit union markets while enhancing its mortgage technology [33] - The company is excited about opportunities in the Japanese market, viewing it as a significant growth area [63] Management's Comments on Operating Environment and Future Outlook - Management noted that the current macroeconomic environment remains unsettled, but the sales pipeline is healthy [2][59] - There is a belief that the U.S. mortgage business is well-positioned for growth despite interest rate pressures [17] - Management expects total revenues for the full fiscal year 2024 to be between $476.5 million and $478.5 million, with subscription revenues growth of 18% at the midpoint [19] Other Important Information - The company experienced elevated churn in the U.S. mortgage business, with approximately $5 million of annualized subscription revenues lost due to high mortgage rates [40] - Non-GAAP gross profit for Q3 was $81.1 million, an increase of 18% year-over-year, with a gross margin of 67% [66] - The company is adjusting its churn rate expectation for the full year to about 9% of prior year subscription revenues, up from 6% [70] Q&A Session Summary Question: How are customers outside of independent mortgage banks responding to the evolving rate environment? - Management noted that while there is some stabilization in the enterprise market, decision-making is slower due to uncertainty [21] Question: Can you comment on the leverage seen this quarter? - Management highlighted that operational discipline has led to improved leverage across all operational expense lines [22] Question: What is the outlook for the fourth quarter? - The company expects total revenues of $123.5 million to $125.5 million for Q4, with subscription revenues of $105.5 million to $107.5 million [71] Question: How critical are system integrators in the Japanese market? - Management indicated that system integrators play a significant role in the success of their strategy in Japan [118] Question: What is the impact of the current interest rate environment on deal signing? - Management observed that while there is a need for transformation, investment decisions are more measured due to the current economic climate [121]

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __to __ Commission File Number: 001-41211 nCino, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction ...

nCino, Inc. (NASDAQ:NCNO) Q2 2024 Earnings Conference Call August 29, 2023 4:30 PM ET Company Participants Harrison Masters - Director, IR Pierre Naude - Chairman and CEO Greg Orenstein - CFO Josh Glover - President and Chief Revenue Officer Conference Call Participants Terry Tillman - Truist Securities Charles Nabhan - Stephens James Faucette - Morgan Stanley Nick Altmann - Scotiabank Cris Kennedy - William Blair Joe Vruwink - Baird Jessica Wang - Raymond James J.R. Herrera - Piper Sandler Jackson Ader - M ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __to __ Commission File Number: 001-41211 nCino, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of ...

nCino, Inc. (NASDAQ:NCNO) Q1 2024 Earnings Conference Call May 31, 2023 4:30 PM ET Company Participants Harrison Masters - Investor Relations Pierre Naude - Chairman, Chief Executive Officer Greg Orenstein - Chief Financial Officer Josh Glover - President, Chief Revenue Officer Conference Call Participants Charles Nabhan - Stephens Nick Altmann - Scotiabank Terry Tillman - Truist Securities James Faucette - Morgan Stanley Robert Napoli - William Blair Kenneth Suchoski - Autonomous Research Jackson Ader - SV ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __to __ Commission File Number: 001-41211 nCino, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of ...

nCino, Inc. (NASDAQ:NCNO) Q4 2023 Results Conference Call March 28, 2023 4:30 PM ET Company Participants Harrison Masters - Investor Relations Pierre Naude - Chairman, Chief Executive Officer Greg Orenstein - Chief Financial Officer Josh Glover - President, Chief Revenue Officer Conference Call Participants James Faucette - Morgan Stanley Nick Altmann - Scotiabank Terry Tillman - Truist Securities Saket Kalia - Barclays Josh Beck - KeyBanc Capital Markets Charles Nabhan - Stephens Jackson Ader - SVB Moffett ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __to __ Commission File Number: 001-41211 nCino, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or ...