nCino Q3 FY2024 revenue $121.9M (+16% YoY); non-GAAP EPS $0.14, beats prior year loss

nCino, Inc.

2024-Q3 EPS reported -$0.39 revenue$352,850,000

Subscription revenue $104.8M, up 19% YoY; GAAP operating margin improved to (11)% from (18)%.
Non-GAAP operating margin 17% vs 2.5% a year ago; non-GAAP net income $16.2M vs ($1.4M) loss.
GAAP net loss $(0.15)/share includes $0.09/share accelerated amortization for SimpleNexus rebrand.
Signed first enterprise Consumer lending deal with $200B U.S. bank; Yamaguchi Financial Group ($150B) as largest Japan customer.
Q4 guidance: total revenue $123.5-125.5M, non-GAAP EPS $0.11-0.13; FY2024 rev $476.5-478.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

nCino, Inc. reported third quarter of fiscal year 2024, ended October 31, 2023 results: revenue Total Revenues of $121.9M, net income GAAP net loss attributable to nCino in the third quarter of fiscal 2024 was $(16.4) million, EPS GAAP net loss attributable to nCino in the third quarter of fiscal 2024 was $(0.15) per basic and diluted share. Guidance reaffirmed.

Period: third quarter of fiscal year 2024, ended October 31, 2023
Revenue: Total Revenues of $121.9M
Net income: GAAP net loss attributable to nCino in the third quarter of fiscal 2024 was $(16.4) million
EPS: GAAP net loss attributable to nCino in the third quarter of fiscal 2024 was $(0.15) per basic and diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

nCino Reports Third Quarter Fiscal Year 2024 Financial Results • Total Revenues of $121.9M, up 16% year-over-year

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Source: SEC EDGAR

accession 0001902733-23-000077

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