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NCNO — nCino News Story

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nCino shares jump on quarterly revenue beat, strong outlook

Updates

** Banking software provider nCino Inc NCNO.O shares climb 9.8% to $16.4

** Q4 rev rose 6% to $149.67 mln, topping estimates of $147.82 mln, per LSEG data, helped by strong global sales and demand for AI-powered solutions

** NCNO expects Q1 total rev between $154.5 mln and $156.5 mln, vs analysts' expectation of $153.8 mln

** Co also announced $100 mln accelerated share repurchase program

** Including session's moves, stock had fallen about 36% YTD, underperforming a 7.1% drop in the Nasdaq Composite .IXIC

 (Reporting by Ragini Mathur in Bengaluru)

 ((Ragini.Mathur@thomsonreuters.com;))

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