nCino Fiscal Q2 Swings to Profit, Revenue Rises; Issues Fiscal Q3 Guidance; Authorizes $100 Million Share Repurchase

MT Newswires Live
Aug 26

nCino (NCNO) reported fiscal Q2 earnings late Tuesday of $0.05 per diluted share, swinging from a loss of $0.13 a year earlier.

Analysts polled by FactSet expected earnings of $0.03.

Revenue for the quarter ended July 31 was $161.0 million, up from $148.8 million a year ago.

Analysts expected $159.1 million.

The company expects fiscal Q3 revenue of $161.25 million to $163.25 million. Analysts expect $162.6 million.

For fiscal 2027, the company expects total revenue between $644.0 million and $647.0 million. Analysts expect $644.7 million.

nCino said its board has authorized a stock repurchase program under which it may repurchase up to an additional $100 million of its outstanding common shares.

Shares of nCino were down 8.8% in after-hours activity.

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