nCino reported strong Q2 FY2025 financial results, exceeding guidance for subscription and total revenues.
nCino, a banking software provider, reported strong financial results for Q2 FY2025, exceeding its guidance for subscription and total revenues and non-GAAP operating income. Total revenues increased 13% YoY to $132.4m, and subscription revenues surged 14% to $113.9m. The company expects interest rate cuts to boost growth in the US mortgage market from Q4. Despite ongoing macroeconomic challenges, nCino has extended partnerships with ABN AMRO and its largest UK client and signed a new customer for Portfolio Analytics.
August 27, 2024
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