•  Total Revenues of $138.8M, up 14% year-over-year•  Subscription Revenues of $119.9M, up 14% year-over-year•  GAAP Operating Margin of (1)%, up ~1,000 basis points year-over-year•  Non-GAAP Operating Margin of 20%, up ~350 basis points year-over-year WILMINGTON, N.C., Dec. 04, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced financial results for the third quarter of fiscal year 2025, ended October 31, 2024. "We are ...

WILMINGTON, N.C., Dec. 02, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced its participation in the following investor conferences: Scotiabank Second Annual Global Technology ConferencePresentation: Tuesday, December 10, at 12:45 p.m. ET Barclays 22nd Annual Global Technology ConferencePresentation: Wednesday, December 11, at 6:05 p.m. ET A live webcast of the Barclays presentation will be available on the Events & Pr ...

WILMINGTON, N.C., Nov. 25, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced its participation in the following investor conferences: Scotiabank Second Annual Global Technology ConferencePresentation: Tuesday, December 10, at 12:45 p.m. ET Barclays 22nd Annual Global Technology ConferencePresentation: Wednesday, December 11, at 6:05 p.m. ET About nCinonCino (NASDAQ: NCNO) is powering a new era in financial services. The ...

WILMINGTON, N.C., Nov. 14, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, will report financial results for its third quarter ended October 31, 2024, after the market close on Wednesday, December 4, 2024. nCino will host a conference call and webcast that day at 4:30 p.m. ET to discuss its financial results. Event: nCino’s Third Quarter Fiscal Year 2025 Financial Results Conference CallDate and Time: Wednesday, December 4, 2024 at 4 ...

WILMINGTON, N.C., Oct. 08, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that Tokushima Taisho Bank, a TOMONY Holdings, Inc. Group Company, has selected nCino's Commercial Banking Solution to transform business lending on a single platform, adding efficiency and increased value to all customer and employee interactions. Recognizing the evolving demands of its corporate clients, Tokushima Taisho will implement the nC ...

WILMINGTON, N.C., Sept. 24, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that BankNewport is live on the nCino Platform. Since selecting nCino as a foundational technology partner, the Rhode Island-based community bank has implemented multiple nCino solutions, including Commercial Lending, Marine Lending, Business and Consumer Deposit Account Opening (DAO), and Portfolio Analytics, bringing together multiple lines ...

pingingz August 28th ended up being a really bad day for shareholders of nCino, Inc. (NASDAQ:NCNO). This is because, the day prior, after the market closed, the management team at the business announced financial results covering the second quarter of the company's 2025 fiscal year. Even though revenue and adjusted earnings per share came in higher than anticipated, GAAP earnings fell short of expectations. Revenue guidance for the third quarter of 2025 indicates slower top-line expansion in the near term t ...

Is today's stock pullback actually a buying opportunity? nCino (NCNO -12.84%) stock is sinking in Wednesday's trading. The company's share price was down 12.4% as of 1:30 p.m. ET, according to data from S&P Global Market Intelligence. After the market closed yesterday, nCino published results for the second quarter of its current fiscal year, which ended July 31. The fintech specialist actually posted sales and earnings results that beat Wall Street's expectations, but the stock is losing ground today becau ...

Financial Data and Key Metrics Changes - Total revenues for Q2 FY2025 were $132.4 million, an increase of 13% year-over-year [16] - Subscription revenues were $113.9 million, up 14% year-over-year, representing 86% of total revenues [16] - Non-GAAP operating income for Q2 FY2025 was $19.3 million, compared to $11.2 million in Q2 FY2024 [19] - Non-GAAP net income attributable to nCino was $15.8 million, or $0.14 per diluted share, compared to $10 million, or $0.09 per diluted share in Q2 FY2024 [19] Business Line Data and Key Metrics Changes - Mortgage subscription revenues were approximately $17 million, or 15% of subscription revenues, representing year-over-year growth of 4% [17] - Professional services revenues were $18.5 million, growing 7% year-over-year [17] - Non-US revenues were $27.5 million, or 21% of total revenues, up 25% year-over-year [18] Market Data and Key Metrics Changes - Gross bookings in the US were up 36% over the first half of last year, including mortgage, and up 67% without mortgage [6] - International markets remain more challenged than the US, but there is an expectation for healthy new logo additions in the second half of the year [9] Company Strategy and Development Direction - The company is transitioning to a platform pricing model, with new and expansion sales of consumer lending, deposit account opening, and US mortgage solutions on this model [23] - The focus is on enhancing efficiency and reducing costs for financial institutions through digital channels and automation [13] - The company is actively exploring opportunities to accelerate integration of acquired products like DocFox and Allegro [15] Management's Comments on Operating Environment and Future Outlook - Management noted improved sentiment in the financial services industry in the US, with healthy balance sheets and abating net interest margin headwinds [6] - There is an expectation that interest rate cuts will catalyze growth in the US mortgage business starting in Q4 FY2025 [7] - Management expressed confidence in achieving gross bookings goals for the year, particularly with large enterprise opportunities [10] Other Important Information - Remaining performance obligation (RPO) was $1.04 billion as of July 31, 2024, up 12% year-over-year [20] - The company ended Q2 with cash and cash equivalents of $126.8 million [20] - Guidance for Q3 FY2025 expects total revenues of $136 million to $138 million [22] Q&A Session Summary Question: General sentiment on financial institutions' willingness to spend - Management noted a return to normalcy in the US market, with a focus on volume business rather than large transformation projects [25] Question: Importance of platform deals and pricing structures - Management indicated that while platform deals are beneficial, the company is not dependent on the pricing structure change to meet financial targets [34] Question: Execution risks associated with pricing transition - Management expressed confidence in the new pricing model, highlighting customer preference for guaranteed pricing based on volume or asset size [41] Question: Outlook for mortgage business growth - Management anticipates that the mortgage business will perform better as the market stabilizes and interest rates potentially decrease [50] Question: Mix of new bookings versus cross-sell - The first half of the year saw 80% cross-sell and 20% new logos, with expectations for a shift in the second half towards more new logo deals [52]

Company Performance - nCino reported quarterly earnings of $0.14 per share, exceeding the Zacks Consensus Estimate of $0.13 per share, and up from $0.09 per share a year ago, representing an earnings surprise of 7.69% [1] - The company posted revenues of $132.4 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 1.04%, compared to year-ago revenues of $117.24 million [2] - Over the last four quarters, nCino has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance and Outlook - nCino shares have increased about 3% since the beginning of the year, while the S&P 500 has gained 17.8% [3] - The company's current consensus EPS estimate for the coming quarter is $0.16 on revenues of $138.23 million, and for the current fiscal year, it is $0.66 on revenues of $541.05 million [7] - The estimate revisions trend for nCino is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Internet - Software industry, to which nCino belongs, is currently in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]