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nCino Inc.

$19.00

SKU: NCNO-1 Category:

Description

nCino’s Global Expansion Playbook: Platform Standardization, AI Agents, & Scalable Growth!

 

nCino, Inc., a company focused on providing cloud banking solutions to financial institutions, reported its financial results for the third quarter of the fiscal year 2026. The company, under the leadership of CEO Sean Desmond and CFO Greg Orenstein, highlighted both achievements and challenges in the quarter, with a focus on their strategic initiatives and financial performance. nCino reported total revenues of $152.2 million for Q3, representing a year-over-year increase of 10%. Subscription revenues, which form a significant part of the company’s earnings, rose by 11% to $133.4 million. The company also noted an organic growth of 7% in subscription revenues, despite facing a headwind from onetime subscription revenues in the previous fiscal year. Professional services revenues, on the other hand, saw a slight decline. The company is emphasizing gross profit growth over revenue growth in this segment, focusing on efficiency improvements largely driven by AI automation.