nCino rises after upbeat annual forecast

nCino

26/08/2025 21:46

** Shares of banking software platform nCino NCNO.O rise 5.6% to $30.29 in after-hours trading

** Co expects FY26 total revenues between $585 mln and $589 mln, analysts expect full-year revenue of $581.5 mln - data compiled by LSEG

** It expects adj. profit for FY26 to be between 77 cents and 80 cents per share, which is above analysts' estimates of 71 cents per share

     ** The company estimates Q3 revenue between $146 mln and $148 mln and adj. per share profit between 20 cents and 21 cents per share, above estimates of $146.1 mln or 19 cents per share, respectively

** "We saw customer demand continue to strengthen in the second quarter, including for newer solutions and across our target markets," - CEO

** Q2 revenue and earnings also top Wall Street expectations

** Including session's moves, NCNO down 14.6% YTD

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.Parmar@thomsonreuters.com;))