Welcome to our dedicated page for Ncino news (Ticker: NCNO), a resource for investors and traders seeking the latest updates and insights on Ncino stock.
nCino, Inc. (NASDAQ: NCNO) is a Technology sector company in the Software – Application industry that focuses on cloud-based software for financial institutions. This news page aggregates announcements, press releases, and market updates related to nCino’s business, products, customers, and financial performance.
According to the company’s public statements, nCino was founded to help financial institutions digitize and reengineer business processes, with a platform that integrates artificial intelligence and actionable insights. News items often highlight new product capabilities, such as AI-driven features in the nCino Mortgage Suite, Banking Advisor, and role-based “Digital Partners” designed to support a dual workforce in financial services.
Investors and industry observers can use this feed to follow nCino’s earnings releases and financial guidance, which the company announces through press releases and accompanying conference calls. Recent news has included quarterly financial results, stock repurchase program authorizations and activity, and participation in technology and investor conferences.
Company updates also cover customer wins and expansions, illustrating how institutions such as Eastern Bank and Baghdadi Capital Group are using the nCino Platform to unify legacy systems, standardize operations, and support international growth, based on the parties’ own disclosures. Product-focused announcements describe new AI capabilities for mortgage lending and data connectivity, including Integration Gateway, which nCino presents as an Integration Platform as a Service for banks, credit unions, and fintech partners.
By reviewing this page regularly, readers can see how nCino evolves its intelligent banking platform, expands its customer base across community banks, credit unions, independent mortgage banks, and larger financial entities, and communicates governance changes and strategic initiatives through news and SEC-related press releases.
nCino (NASDAQ: NCNO) has partnered with TUHF, a South African commercial property specialty lender, to enhance the lending process for affordable housing initiatives. This collaboration will utilize nCino’s cloud banking platform, modernizing TUHF's operations to improve efficiency, reduce costs, and support the entire credit lifecycle of its commercial loans.
With significant shortages in affordable housing in South Africa, TUHF aims to support property entrepreneurs in delivering affordable residential units. By employing nCino’s technology, TUHF intends to accelerate their lending processes, which is crucial for urban densification efforts. Both companies foresee mutual benefits, positively impacting TUHF’s competitive advantage and empowering clients seeking to make social impacts.
nCino reported Q4 total revenues of $109.2 million, marking a 46% year-over-year increase. For fiscal year 2023, total revenues reached $408.3 million, a 49% rise. Subscription revenues in Q4 were $92.8 million, up 48% from the previous year, while fiscal year 2023 subscription revenues totaled $344.8 million, reflecting a 53% growth. The company achieved positive non-GAAP operating income for the second consecutive quarter. However, GAAP net losses increased to $(21.2 million) in Q4. Looking forward, nCino projects Q1 2024 revenues between $111.5 million and $113.5 million and fiscal year 2024 revenues between $476 million and $483 million.
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