WILMINGTON, N.C., Feb. 13, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, will report financial results for its fourth quarter and fiscal year ended January 31, 2024, after the market close on Tuesday, March 26, 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 Fourth Quarter and Fiscal Year 2024 Financial Results Conference CallDate and Time: Tuesday, Marc ...

WILMINGTON, N.C., Jan. 25, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ:NCNO), a pioneer in cloud banking for the global financial services industry, today announced that The Bank of Bennington (Bennington) has adopted nCino's Consumer Banking Solution, expanding its established relationship with nCino and driving an omnichannel experience across the Bank's personal banking and mortgage lending business. After seeing efficiency gains in its mortgage operations as a result of its use of nCino's Mortgage Suit ...

Key PointsFintech nCino is in a buy zone after expanding its Salesforce partnership that includes enhanced connectivity with Salesforce's AI-powered CRM database.nCino stock rallied 30% between November 30 and January 11. It broke out of a cup-shaped base in late December.The company is expected to post a profit for the first time this year, with analysts projecting 34% earnings growth in 2025.5 stocks we like better than nCinoYou’ve probably noticed: The banking industry is moving away from branch visits, ...

REGINA, Saskatchewan and WILMINGTON, N.C., Jan. 16, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ:NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Conexus Credit Union has selected nCino's Commercial Banking Solution to increase automation within their business workflows. As part of a single platform, Conexus will also implement nCino's Automated Spreading Solution, which is powered by nCino IQ (nIQ); and nCino's Portfolio Analytics and Document Management So ...

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 ...