WILMINGTON, N.C. and LONDON and MADRID, Oct. 30, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced the appointment of Joaquín de Valenzuela as the new Managing Director for the EMEA region. This strategic hire underpins nCino's commitment to accelerating its growth and market presence within the EMEA region. "Joaquín has extensive experience leading large cross-functional teams across multiple geographies, and his abili ...

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 ...

The market chose to look forward rather than back with the fintech, and it didn't like what it saw. nCino's (NCNO 1.53%) top news item over the past few stock trading sessions was its second quarter of fiscal 2025 results. While the fintech's trailing numbers looked decent when matched against analyst projections, there were concerns about its guidance. Those concerns resulted in a sell-off, to the point where as of Friday before market open the stock's price was heading south by nearly 14% week to date. Th ...

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 ...

nCino, Inc. (NASDAQ:NCNO) Q2 2025 Earnings Conference Call August 27, 2024 4:30 PM ET Company Participants Harrison Masters - Director, IR Pierre Naude - Chairman, CEO Greg Orenstein - CFO Conference Call Participants Adam Hotchkiss - Goldman Sachs Terry Tillman - Truist Securities Aaron Kimson - Citizens JMP Saket Kalia - Barclays Charles Nabhan - Stephens Alex Sklar - Raymond James Michael Infante - Morgan Stanley John Gomez - Scotiabank Joe Vruwink - Baird Robert Trout - Macquarie Capital Ryan Tomasello ...

NCino (NCNO) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 7.69%. A quarter ago, it was expected that this company would post earnings of $0.13 per share when it actually produced earnings of $0.19, delivering a surprise of 46.15%. Over the last four quarters, the company has surpas ...

Revenue Growth - Total revenues for the three months ended July 31, 2024, increased to $132.4 million, up from $117.2 million for the same period in 2023, representing a growth of 12.5%[9] - Subscription revenues for the six months ended July 31, 2024, reached $224.3 million, compared to $197.2 million for the same period in 2023, reflecting an increase of 13.8%[9] - Total revenues for the three months ended July 31, 2024, were $132.4 million, representing a 12.9% increase from $117.2 million in the same period of 2023[98] - Subscription revenues for the three months ended July 31, 2024, were $113.9 million, a 14.0% increase from $99.9 million in the same period of 2023[98] - For the six months ended July 31, 2024, total revenues were $260.5 million, a 12.8% increase from $230.9 million in the same period of 2023[98] - Subscription revenues for the six months ended July 31, 2024, were $224.3 million, representing a 13.7% increase from $197.2 million in the same period of 2023[98] Profitability and Losses - Gross profit for the three months ended July 31, 2024, was $78.5 million, compared to $69.2 million for the same period in 2023, indicating a gross margin improvement[9] - Net loss attributable to nCino, Inc. for the three months ended July 31, 2024, was $11.0 million, compared to a net loss of $15.9 million for the same period in 2023, showing a reduction in losses[11] - The company reported a comprehensive loss of $10.5 million for the three months ended July 31, 2024, down from a comprehensive loss of $16.1 million for the same period in 2023[11] - Net loss attributable to nCino, Inc. for the six months ended July 31, 2024, was $14,016 thousand, compared to a net loss of $27,723 thousand for the same period in 2023, representing a 49% improvement[19] - The company recorded basic and diluted loss per share of $(0.10) for the three months ended July 31, 2024, compared to $(0.14) for the same period in 2023[87] Operating Expenses - Operating expenses for the three months ended July 31, 2024, totaled $86.4 million, slightly up from $84.0 million in the same period of 2023, with research and development expenses increasing to $34.3 million[9] - Sales and marketing expenses decreased by $2.3 million for the six months ended July 31, 2024, compared to the same period in 2023, primarily due to a $1.4 million decrease in personnel costs and a $0.6 million decrease in sales-related travel costs[130] - Research and development expenses increased by $6.2 million for the six months ended July 31, 2024, compared to the same period in 2023, mainly due to a $5.3 million increase in personnel costs[132] - General and administrative expenses increased by $3.0 million for the six months ended July 31, 2024, compared to the same period in 2023, primarily due to a $3.7 million increase in personnel costs[135] Cash Flow and Liquidity - Cash provided by operating activities for the six months ended July 31, 2024, was $59,441 thousand, an increase from $43,267 thousand in the same period of 2023, reflecting a 37% increase[19] - Total cash, cash equivalents, and restricted cash at the end of the period on July 31, 2024, was $126,765 thousand, up from $103,369 thousand at the end of the previous period, indicating a 22.6% increase[20] - As of July 31, 2024, the company had $121.4 million in cash and cash equivalents and an accumulated deficit of $365.9 million[146] - Cash used in investing activities for the six months ended July 31, 2024, was $91.9 million, primarily for the acquisitions of DocFox and ILT[155] - Cash provided by financing activities for the six months ended July 31, 2024, was $43.2 million, mainly from $75.0 million in borrowings on the Credit Facility[156] Acquisitions - The company acquired DocFox for a total cash consideration of $74.3 million, including $6.2 million for common stock options, with an estimated fair value of consideration transferred at $72.4 million[49] - The Company acquired Integrated Lending Technologies (ILT) for $19.9 million in cash, with transaction costs of approximately $0.9 million recorded in general and administrative expenses[55][56] - The financial results of DocFox and ILT since their respective acquisition dates are included in the Company's consolidated financial statements but are not material to the overall results[54][60] Market Presence and Future Plans - The company continues to focus on expanding its market presence and investing in new product development to drive future growth[9] - The company plans to continue investing in product development and sales and marketing to drive growth and maintain market leadership[102] Stock and Shareholder Information - The weighted average number of common shares outstanding for the three months ended July 31, 2024, was 115.2 million, compared to 112.4 million for the same period in 2023[9] - The company’s total common shares outstanding increased from 113,684,299 on January 31, 2024, to 115,387,309 on July 31, 2024[17] - The total unrecognized compensation expense related to non-vested RSUs is $178.6 million, expected to be recognized over a weighted average period of 2.93 years[66] Foreign Currency and Interest - Interest income for the three months ended July 31, 2024, was $321, down from $835 in the same period of 2023, while interest expense increased to $1.8 million[9] - A hypothetical 10% increase or decrease in foreign currency exchange rates would have impacted cash, cash equivalents, and restricted cash by approximately $7.0 million as of July 31, 2024[164]

Exhibit 99.1 nCino Reports Second Quarter Fiscal Year 2025 Financial Results • Total Revenues of $132.4M, up 13% year-over-year • Subscription Revenues of $113.9M, up 14% year-over-year • GAAP Operating Margin of (6)%, up ~650 basis points year-over-year • Non-GAAP Operating Margin of 15%, up ~500 basis points year-over-year WILMINGTON, N.C., August 27, 2024 -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced financial results for the second ...