secwatch.observer — SEC 8-K summary
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Issuer:     nCino, Inc. (NCNO)
CIK:        0001902733
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001902733-23-000061
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

nCino Q2 FY2024 revenue up 18% to $117.2M; non-GAAP EPS $0.09 vs loss prior year
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1902733/000190273323000061/0001902733-23-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1902733/000190273323000061/ncno-20230829.htm
  HTML page:      https://secwatch.observer/filing/0001902733-23-000061

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