earnings
confidence high
sentiment positive
materiality 0.80
nCino Q2 FY2024 revenue up 18% to $117.2M; non-GAAP EPS $0.09 vs loss prior year
nCino, Inc.
2024-Q2 EPS reported
-$0.24
revenue$230,908,000
- Total revenue $117.2M (+18% YoY), subscription $99.9M (+18%); GAAP EPS $(0.14) loss vs $(0.25) prior year.
- Non-GAAP net income $9.9M ($0.09/diluted) vs net loss $(4.9M) ($(0.04)/share) in Q2 FY2023.
- RPO $928.6M (+2% YoY); next-24-month RPO $636.2M (+8%). Cash $103.4M; revolver fully repaid.
- Q3 FY2024 guidance: revenue $120-121M, non-GAAP EPS $0.10-0.12; FY2024 revenue guidance $475-478.5M, non-GAAP EPS $0.38-0.41.
- New wins: first Middle East customer (UAE), top-10 Australian bank, expansion with top-10 US mortgage lender, 5-yr renewal Dutch bank.