NCNO is recommended as a buy due to the need for modern digital banking capabilities in the industry. NCNO's superior product vs point solutions positions it well to capture demand in the growing market. Despite near-term growth concerns, early signs of recovery and attractive valuation make NCNO a worthwhile investment.
nCino (NCNO) first-quarter fiscal 2025 results benefit from robust demand for its product and services.
nCino, Inc. (NASDAQ:NCNO ) Q1 2025 Results Conference Call May 29, 2024 4:30 PM ET Company Participants Harrison Masters - Director, IR Pierre Naude - Chairman, CEO Greg Orenstein - CFO Conference Call Participants Adam Hotchkiss - Goldman Sachs Ryan Tomasello - KBW Brent Bracelin - Piper Sandler Alex Sklar - Raymond James Saket Kalia - Barclays Terry Tillman - Truist Securities Michael Infante - Morgan Stanley Adam Bergere - Bank of America Charles Nabhan - Stephens Robert Trout - Macquarie Capital Chris Kennedy - William Blair Operator Good day, and thank you for standing by. Welcome to the nCino First Quarter Fiscal Year 2025 Financial Results Conference Call.
NCino reported Wednesday (May 29) that demand for its single-platform cloud banking solution and artificial intelligence (AI) features drove record gross sales in the most recent quarter. The company reported that its total revenues of $128.
NCino (NCNO) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.07 per share a year ago.