Needham Reiterates Buy Rating on nCino Inc. (NCNO)

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nCino Reports First Quarter Fiscal Year 2025 Financial Results

May 29, 2024 4:05 PM EDT

Total Revenues of $128.1M, up 13% year-over-year

 Subscription Revenues of $110.4M, up 13% year-over-year

 GAAP Operating Margin of (3)%, up ~500 basis points year-over-year

 Non-GAAP Operating Margin of 19%, up ~900 basis points year-over-year

WILMINGTON, N.C., May 29, 2024 (GLOBE NEWSWIRE) -- 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... More