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 ...

nCino (NCNO) reported non-GAAP earnings of 19 cents per share in first-quarter fiscal 2025, surpassing the Zacks Consensus Estimate by 46.15%. The company posted earnings of 7 cents per share in the year-ago quarter. Net revenues of $128 million beat the consensus mark by 1.18% and increased 13% year over year. The uptick can be attributed to the robust demand for its products and services. NCNO's success was further highlighted by the strength across its business, particularly in the U.S. enterprise and co ...

Financial Data and Key Metrics Changes - Total revenues for Q1 fiscal 2025 were $128.1 million, an increase of 13% year-over-year [45] - Subscription revenues for Q1 were $110.4 million, also up 13% year-over-year, representing 86% of total revenues [45] - Non-GAAP net income attributable to the company for Q1 was $22 million, or $0.19 per diluted share, compared to $8 million or $0.07 per diluted share in Q1 fiscal 2024 [26] - Non-GAAP gross profit for Q1 was $84.4 million, an increase of 14% year-over-year, with a gross margin of 66% [46] - Remaining performance obligation (RPO) increased to $1.07 billion, up 17% from $914 million year-over-year [48] Business Line Data and Key Metrics Changes - Professional services revenues were $17.7 million in Q1, growing 8% year-over-year [46] - Non-U.S. revenues were $25.8 million, accounting for 20% of total revenues, and increased by 34% year-over-year [46] - The U.S. Mortgage business added 15 new logos and exceeded internal quarterly gross sales targets [15] Market Data and Key Metrics Changes - The company noted that 72% of executives surveyed reported an increase in IT budgets from the previous year, with 44% citing an increase of over 5% [36] - The liquidity crisis from the previous year has led to lasting lessons for customers, emphasizing the need for operational efficiency [16] Company Strategy and Development Direction - The company plans to reinvest some of the Q1 bottom line overperformance in sales and marketing to drive greater adoption of newer solutions [3] - The acquisition of DocFox is aimed at enhancing onboarding and account opening capabilities for small business and commercial banking [19] - The company is focused on leveraging technology to improve profitability and customer experience in the mortgage market [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving revenue growth targets, citing stabilization of interest rates as a key factor for improved customer conversations [14] - The company anticipates continued subscription revenue growth of 13% to 15% for the full fiscal year [28] - Management highlighted the importance of operational efficiency and quality digital experiences for clients [38] Other Important Information - The company expects total revenues for fiscal year 2025 to be between $538.5 million and $544.5 million [28] - Non-GAAP operating income for fiscal year 2025 is now expected to be between $86 million and $89 million [29] Q&A Session Questions and Answers Question: What are some key things learned from customer conversations at nSight? - Customers are seeking solutions that drive efficiency and help them operate better, emphasizing the need for purposeful and focused solutions [52] Question: What is the outlook for the mortgage business? - The mortgage business is still growing almost double digits, with 15 new logos added, but it is dilutive to overall growth due to slower growth compared to other segments [64] Question: How does the company view the impact of AI on the industry? - There is excitement around AI, but customers need guidance on compliance and how to effectively use AI tools [58] Question: What is the company's strategy regarding hiring and operational expenses? - The company plans to increase operational expenses due to merit increases and new hires from acquisitions, but expects stability in the hiring process moving forward [61] Question: How does the company view the international market? - The company is seeing increasing demand in regions like Spain and the Nordics, with a focus on expanding its presence internationally [105]

"Obviously, there are nuances by market, but we see priorities generally aligned across all of the markets we serve," Naudé said during the call. "The liquidity crisis a year ago and the ensuring difficult business cycle imparted some lasting lessons for our customers and prospects. Operational efficiency matters, and quality digital experiences are table stakes for their clients." NCino reported Wednesday (May 29) that demand for its single-platform cloud banking solution and artificial intelligence (AI) f ...

NCino (NCNO) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 46.15%. A quarter ago, it was expected that this company would post earnings of $0.12 per share when it actually produced earnings of $0.21, delivering a surprise of 75%. Over the last four quarters, the company has surpas ...

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 April 30, 2024 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 ...

Exhibit 99.1 nCino Reports First Quarter Fiscal Year 2025 Financial Results WILMINGTON, N.C., May 29, 2024 -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced financial results for the first quarter of fiscal year 2025, ended April 30, 2024. "Building on our fourth quarter momentum, we had a great start to the year, achieving our highest first-quarter gross sales in Company history," said Pierre Naudé, Chairman and CEO at nCino. "Our strong s ...