Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? NCino (NCNO) , which belongs to the Zacks Internet - Software industry, could be a great candidate to consider. When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 60.58%, on average, in the last two quarters. For the most recent quarter, nCino was expecte ...

LONDON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Shawbrook has chosen nCino to help automate its loan origination processes, while expanding portfolio management capabilities through nCino's cloud-based platform. With nCino's intelligent solutions, Shawbrook's team will be able to more efficiently complete routine tasks, allowing for more focus on delivering impactful services to the SME market i ...

LONDON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Shawbrook has chosen nCino to help automate its loan origination processes, while expanding portfolio management capabilities through nCino's cloud-based platform. With nCino's intelligent solutions, Shawbrook's team will be able to more efficiently complete routine tasks, allowing for more focus on delivering impactful services to the SME market i ...

WILMINGTON, N.C., July 10, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ:NCNO), a pioneer in cloud banking for the global financial services industry, today announced its inclusion on CNBC and Statista's 2024 World's Top FinTech Companies list. The recognition further validates the power of nCino's single platform, boosted by several key solution offerings including Banking Advisor, a generative AI tool for bankers, made available in the first half of the year. nCino was founded to help financial institution ...

"nCino is exceptionally proud to be recognized as a World's Top FinTech Company for 2024," said Pierre Naudé, CEO and Chairman of the Board at nCino. "We continue to be driven by our mission of transforming financial services, and this recognition reflects both our roots as a pioneer in cloud banking and our evolution as a partner to financial institutions modernizing their operations through data, AI, intelligent automation, and best-in-class experiences. For us, innovation is not just a mindset – it's our ...

NEW YORK, July 2, 2024 /PRNewswire/ -- Alloy, the identity risk management platform for companies that offer financial products, announced that Kathryn Cook has joined the company as its new Chief Marketing Officer (CMO) to support the company's rapid, global growth. Cook joins the company following nine years at nCino (NASDAQ: NCNO), an Alloy partner and leader in cloud banking for the financial services industry. While at nCino, she helped lead the company's global marketing and communications functions a ...

ilbusca The NCNO platform enables banks to digitalize and automate processes and workflows via AI and ML technologies. Through this, banks are able to improve the efficiency of their workflow processes significantly, from faster onboarding times to faster loan processing times. Additionally, because of NCNO's ability to integrate data, it also helps banks stay compliant. More and more industries are adopting cloud technologies to stay relevant in today's operating environment. This is the same for the banki ...

Company's Gen AI tool, powered by nCino IQ (nIQ), delivers real-time intelligence and optimizes decisionmaking with data-driven insights for financial institutions across asset sizes and geographies Participants of Banking Advisor's closed beta testing Product Design Program finding efficiency gains through employee time savings and proactive portfolio management WILMINGTON, N.C., June 17, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services indus ...

WILMINGTON, N.C., May 30, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced its participation in the following investor conference: BofA Securities 2024 Global Technology Conference Presentation: Tuesday, June 4, at 2:40 p.m. PT (5:40 p.m. ET) The live webcast, as well as the replay from the event, will be available on the Company's Investor Relations website at https://investor.ncino.com/news-events/events-and-present ...

Core Insights - nCino (NCNO) reported non-GAAP earnings of 19 cents per share for Q1 fiscal 2025, exceeding the Zacks Consensus Estimate by 46.15% and up from 7 cents per share in the same quarter last year [1] - Net revenues reached $128 million, surpassing the consensus mark by 1.18% and reflecting a 13% year-over-year increase, driven by strong demand for its products and services [1][2] Revenue Breakdown - Subscription revenues, accounting for 86.2% of total revenues, increased 13% year over year to $110.4 million, beating the Zacks Consensus Estimate by 1.01% [3] - Professional Services & Other revenues, making up 13.8% of total revenues, rose 8.3% year over year to $17.7 million, exceeding the Zacks Consensus Estimate by 2.31% [3] Profitability Metrics - Non-GAAP gross margin expanded by 100 basis points year over year to 66% [3] - Non-GAAP operating income was $24.4 million, up from $10.9 million in the year-ago quarter, with a non-GAAP operating margin increase of 950 basis points to 19% [4] Expense Management - Research & development expenses increased 2.8% year over year to $25.8 million [4] - Sales and marketing expenses decreased by 9.7% to $21.6 million, while general and administrative expenses fell by 9.1% to $12.6 million [4] Client Expansion - nCino partnered with M&T Bank for continuous credit monitoring, utilizing Rich Data Co's explainable AI platform for insights into cash flow health and credit risk [5] - The company was selected by a high-growth specialist lender in the U.K. SME market to enhance data consistency through the consolidation of systems onto a single platform [6] Financial Position - As of April 30, 2024, cash and cash equivalents totaled $134.8 million, up from $117.4 million as of January 31, 2024 [7] - Cash flow from operations was $54.4 million in Q1, compared to $57.2 million in the previous quarter, while free cash flow increased significantly to $54.1 million from $7.7 million [7] Future Guidance - For Q2 fiscal 2025, nCino expects revenues between $130.5 million and $131.5 million, with subscription revenues projected between $112.5 million and $113.5 million [8] - Operating income is anticipated to be between $17 million and $18 million, with earnings expected to be 12-13 cents per share [9] Market Position - nCino currently holds a Zacks Rank 1 (Strong Buy), although its shares have declined 10.4% year to date, contrasting with an 18.3% increase in the Zacks Computer & Technology sector [9]