Summary of nCino Conference Call Company Overview - **Company**: nCino (NasdaqGS: NCNO) - **Industry**: Financial Technology (FinTech) focused on banking solutions - **Founded**: 2011, originally part of a bank in Wilmington, North Carolina - **Core Offerings**: Lending, account opening, customer onboarding, and portfolio monitoring across commercial, small business, and consumer banking sectors [4][5] Key Points and Arguments Business Performance - **Recent Quarter**: Achieved a revenue beat and raised full-year guidance, with a focus on annual contract value (ACV) growth [10][11] - **Global Reach**: 21% of subscription revenues were generated outside the U.S. [5] - **Customer Base**: Serves 15 of the top 30 banks in the U.S. [5] Market Dynamics - **Deregulation**: Anticipated reduction in regulatory burdens is seen as a tailwind for financial institutions, allowing them to focus on strategic initiatives rather than compliance [14][15] - **M&A Activity**: Increased mergers and acquisitions in the banking sector are beneficial for nCino, positioning it as a scalable platform for growth and integration [12] AI and Technology - **AI Integration**: nCino is leveraging AI to enhance efficiency and reduce costs for financial institutions, similar to its previous cloud journey [8][20] - **Data Asset**: The company possesses a unique data asset that aids in providing insights and decision-making support for clients [21][24] - **Banking Advisor**: Launched 16 new capabilities, with over 80 customers signed up, focusing on adoption and change management [31][32] Pricing Model Changes - **Transition to Platform Pricing**: Shifted from a seat-based model to a platform pricing model based on the financial institution's assets, allowing for annual price adjustments [39][40] - **Current Adoption**: Approximately 21% of ACV is under the new pricing model, with expectations for acceleration driven by AI adoption [40][41] Growth Opportunities - **Mortgage Business**: The mortgage segment has shown resilience, growing 22% year-over-year, with over 50% of the base now on the new pricing model [46][47] - **Onboarding Solutions**: Addressing challenges in customer onboarding through recent acquisitions, aiming to streamline the process for financial institutions [50][51] Competitive Landscape - **Market Position**: nCino is recognized as a leader in commercial lending, with competition primarily from inertia within banks rather than direct competitors [56][58] - **Value Proposition**: Emphasizes the importance of a unified platform for various banking functions to enhance efficiency and user experience [58] Future Outlook - **Focus on Execution**: The management team is committed to executing strategic goals and capitalizing on the AI banking opportunity [66][67] - **Long-term Vision**: Positioned to lead in AI banking, leveraging trust, reputation, and technology to drive market transformation [67] Additional Important Insights - **Customer Engagement**: Emphasis on change management and customer success to drive adoption of new technologies [32][36] - **Operational Efficiency**: Plans to enhance operational efficiency through AI and technology, reducing reliance on headcount [63][64] - **Capital Allocation**: Currently focused on stock buybacks and integration of recent acquisitions, while remaining open to future M&A opportunities [65]

Well, our next guest says we haven't entered the AI bubble just yet. He just raised his price target on Oracle to 370 from 270, reiterating his buy rating. Ben Writes of Melius Research joins us now.He's the head of tech research. Ben, great to have you with us. You've had that buy rating in Oracle for about a year.So, that's been the right call. Got more right last night. Um, but in terms of the big stock pop and where you see the stock going at this point, you know, how do you answer some of those those q ...

Core Perspective - The discussion highlights the significance of CCC as an iconic company that has successfully navigated over 40 years of technological evolution and transition in the insurance industry [1] Group 1: Technology Transition - The conversation emphasizes the ongoing car technology transition and its implications for the insurance industry, drawing parallels to previous transitions such as cloud computing and multi-tenancy [1] - The company has invested considerable time and resources in adapting to these technological changes, indicating a proactive approach to industry evolution [1]

>> BLOOMBERG TECH IS LIVE FROM COAST-TO-COAST WITH CAROLINE HYDE IN NEW YORK AND AND ALTHOUGH IN SAN FRANCISCO. ED: THIS IS "BLOOMBERG TECH." ORACLE SEARCHERS IS ON. CONTRACT WINDS AND AN OUTLOOK THAT LEFT SOME ANALYSTS IN SHOCK.IT'S ALSO A BIG DAY FOR KLARNA WHICH IS GETTING READY TO GO PUBLIC WITH AN IPO PRICED ABOVE A MARKET RANGE. WE WILL DISCUSS WITH THE CEO. CAROLINE: AND CONVERSATION WITH THE PRIMARY SUMMIT HERE IN NEW YORK.EVERYTHING FROM AI, TECH, SPORTS INVESTING, AND MORE. ED: LET'S GET TO OUR TO ...

Question-and-Answer SessionJust maybe starting off high level, can you update us on the separation journey? Has there been any surprises or unexpected challenges or anything that's just kind of maybe noteworthy that's come up in this process?Vimal KapurChairman & CEO So first of all, thanks, Chris, for having me here, and welcome, everybody, and good morning. I would say the spin perspective, they're progressing on schedule. We'll have our Solstice business spun off in Q4 this year. The Investor Day is on O ...

There is the backlog, right, of business. The order book, it's like $450 billion. Then there's the outlook for cloud this year, and then there's the trajectory through to the end of the decade.Why is the stock reacting like this. And what was the data that you jumped on. Yeah, it is the order order book, basically, because that order book is going to bleed into revenue over the next several years, depending on how soon Oracle can get those data centers live and get those workloads in.When we talk about A. I ...

Oracle Shares Surge Most Since 1992 on Cloud Contract Wins. Listen for more on Bloomberg Intelligence. https://t.co/oMCYVDyjxi ...

All right, let's uh move on to another uh surprising uh number. Shares of Oracle soaring to uh uh thanks to AI demand. Company now expecting its book revenue from its core cloud business will exceed half a trillion dollars.That overshadows what was a quarterly miss on earnings. Uh Oracle is amongst our next guests top holdings. Joining us Tony Wong Tro science and tech fund manager.Day like today, you pro can probably never own enough of Oracle. Uh Tony, I mean these superlatives just keep piling in from al ...

Generative AI Impact - Generative AI is significantly impacting the cloud industry, as evidenced by its presence in the Cloud100 list [1] Industry Recognition - The Cloud100 list highlights the top cloud companies, suggesting a strong link between generative AI and leading cloud businesses [1]

Industry Recognition - Rubrik, Snowflake, ServiceTitan, and Toast have been recognized in the Cloud100 ranks [1] - These companies have scaled into enterprises [1] - These companies have transformed their respective industries [1] - These companies have gone on to IPO [1] Success Factors - The report highlights how these companies achieved their success and recognition [1]