nCino Q3 2023 Earnings Report

nCino EPS Results

• Actual EPS: $0.09
• Consensus EPS: $0.07
• Beat/Miss: Beat by +$0.02
• One Year Ago EPS: -$0.15

nCino Revenue Results

• Actual Revenue: $117.24 million
• Expected Revenue: $115.00 million
• Beat/Miss: Beat by +$2.24 million
• YoY Revenue Growth: +17.70%

nCino Announcement Details

• Quarter: Q3 2023
• Date: 8/29/2023
• Time: After Market Closes

nCino (NASDAQ:NCNO), a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem. The company's nIQ, an application suite that utilizes data analytics and artificial intelligence and machine learning to provide its customers with automation and insights into their operations, such as tools for analyzing, measuring, and managing credit risk, as well as to enhance their ability to comply with regulatory requirements. It also offers SimpleNexus, a cloud-based mobile-first homeownership software solution. The company serves financial institution customers, including global financial institutions, enterprise banks, regional banks, community banks, credit unions, new market entrants, and independent mortgage banks through business development representatives, account executives, field sales engineers, and customer success managers. nCino, Inc. was founded in 2011 and is headquartered in Wilmington, North Carolina.