nCino Inc
NCNO
ISIN US63947X1019 / Valor 115833282
nCino Inc
UMushroom community rating:
About company
nCino Inc is a financial technology company that offers the nCino Cloud Banking Platform, initially developed to enhance the traditional commercial lending process. Since becoming an independent company in late 2011, nCino has grown to serve over 1,850 financial institutions worldwide, helping them solve business challenges, digitize processes, and enhance the customer experience through speed and convenience. The company's digital banking platform is designed to improve employee efficiency and productivity while reducing costs. With a focus on customer service and product innovation, nCino has received recognition for its success in the financial technology industry and began trading on Nasdaq in 2020.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (07.08.2024):
Total Revenues
nCino Inc. reported total revenues of $128.1 million for the first quarter of fiscal year 2025, which ended on April 30, 2024. This represents a 13% increase compared to the $113.7 million reported in the same quarter of fiscal year 2024.
Subscription Revenues
Subscription revenues for nCino Inc. in the first quarter of fiscal year 2025 were $110.4 million, up 13% from $97.3 million in the first quarter of fiscal year 2024. This growth highlights the company's strong performance in its core subscription business.
Operating Income
nCino Inc. reported a GAAP loss from operations of $(3.7) million for the first quarter of fiscal year 2025, an improvement from the $(8.6) million loss in the same quarter of fiscal year 2024. On a non-GAAP basis, the company achieved an operating income of $24.4 million, up from $10.9 million in the first quarter of fiscal year 2024.
Net Income
The GAAP net loss attributable to nCino Inc. for the first quarter of fiscal year 2025 was $(3.0) million, compared to a net loss of $(11.2) million in the first quarter of fiscal year 2024. On a non-GAAP basis, the company reported a net income of $22.0 million, up from $8.0 million in the same quarter of the previous year.
Remaining Performance Obligation
As of April 30, 2024, nCino Inc.'s total Remaining Performance Obligation (RPO) was $1.069 billion, a 17% increase from $914.0 million as of April 30, 2023. The RPO expected to be recognized in the next 24 months was $701.8 million, up 13% from $622.6 million as of April 30, 2023.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3434 M
Market cap (USD)
341,937
Daily traded volume (Shares)
30.42 / 29.57
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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