Ncino, Inc. - NCNO STOCK NEWS

nCino (NASDAQ: NCNO) has appointed Sean Desmond as its new President and Chief Executive Officer, effective immediately. Desmond, who joined nCino in 2013 and most recently served as Chief Product Officer, succeeds Pierre Naudé, who transitions to Executive Chairman of the Board.

The appointment follows a comprehensive Board-led succession planning process that evaluated both external and internal candidates. Desmond's experience includes scaling multinational organizations and driving product innovation through data and AI. During his tenure at nCino, he has managed approximately two-thirds of the company's employees in various roles, including Chief Customer Success Officer.

Chris Gufford, previously Executive Director and General Manager of nCino Commercial Banking, will succeed Desmond as Chief Product Officer. The company has also reaffirmed its guidance provided during the third quarter fiscal year 2025 earnings call on December 4, 2024.

Habib Bank Zurich plc (HBZ UK) has chosen the nCino Platform to enhance its Buy-to-Let Lending business in the United Kingdom. The partnership aims to streamline processes, improve portfolio risk-management, and create new efficiencies in loan origination and management through digital capabilities across web, mobile, and intermediary channels.

As a specialist SME and corporate lender, HBZ UK will leverage nCino's intelligent suite of solutions to deliver modern convenience while maintaining its relationship-first service approach. The implementation aligns with HBZ UK's strategic vision to expand and enhance services while adapting to changing market demands.

FullCircl has launched SmartOnboard, a unified onboarding solution for corporate entities that combines risk and compliance checks for companies and directors in one platform. The B2B SaaS solution integrates KYB, PEPs, sanctions, adverse media, KYC, email risk checks, and document verification to accelerate customer screening and verification processes.

The platform provides enhanced compliance data for UK registered companies with real-time data gathering capabilities, automated client outreach through a white-labelled interface, and complete audit trails for regulatory compliance. Future developments will include international coverage, enhanced customization tools, and additional data integrations.

nCino (NCNO) reported strong Q3 FY2025 results with total revenues of $138.8M, up 14% year-over-year, and subscription revenues of $119.9M, also up 14%. The company achieved significant margin improvements with GAAP operating margin of -1% (up ~1,000 basis points) and non-GAAP operating margin of 20% (up ~350 basis points).

The quarter saw over 30 multi-solution deals and increased gross bookings from new customers. Total Remaining Performance Obligation reached $1.095B, up 19% year-over-year. The company completed the FullCircl acquisition and secured notable customer wins, including expansion agreements with major banks in the U.S., Australia, Norway, and Japan.

nCino (NCNO) reported strong Q3 FY2025 results with total revenues reaching $138.8 million, up 14% year-over-year. Subscription revenues grew 14% to $119.9 million. The company significantly improved its GAAP operating margin to -1% (up ~1,000 basis points) and non-GAAP operating margin to 20% (up ~350 basis points).

The quarter saw over 30 multi-solution deals and increased gross bookings from new customers. Total Remaining Performance Obligation (RPO) grew 19% to $1.095 billion. The company completed the FullCircl acquisition and secured notable client wins, including expansion agreements with major banks in the U.S., Australia, Norway, and Japan.

For Q4 FY2025, nCino expects total revenues between $139.5-141.5 million and subscription revenues of $122.5-124.5 million.

nCino (NASDAQ: NCNO), a leading provider of intelligent banking solutions, has announced its participation in two upcoming investor conferences. The company will present at the Scotiabank Second Annual Global Technology Conference on Tuesday, December 10, at 12:45 p.m. ET, and at the Barclays 22nd Annual Global Technology Conference on Wednesday, December 11, at 6:05 p.m. ET. A live webcast of the Barclays presentation will be accessible through the company's Investor Relations website.

nCino (NASDAQ: NCNO), a leading provider of intelligent banking solutions, has announced its upcoming participation in two major investor conferences. The company will present at the Scotiabank Second Annual Global Technology Conference on Tuesday, December 10, at 12:45 p.m. ET, followed by a presentation at the Barclays 22nd Annual Global Technology Conference on Wednesday, December 11, at 6:05 p.m. ET.

nCino (NASDAQ: NCNO) has scheduled its third quarter fiscal year 2025 financial results announcement for Wednesday, December 4, 2024, after market close. The company will host a conference call and webcast at 4:30 p.m. ET on the same day to discuss the financial results for the quarter ended October 31, 2024. Investors can access the webcast through nCino's Investor Relations website, where a replay will also be available after the call.

nCino (NASDAQ: NCNO) has announced a definitive agreement to acquire FullCircl, a UK-based SaaS platform, for $135 million in cash. The acquisition follows their 2023 partnership and aims to enhance nCino's capabilities in client lifecycle management, onboarding, and regulatory compliance. FullCircl's technology provides comprehensive business data, including financial information, credit scores, risk profiles, and ownership details. The deal includes a $15 million retention for two years as security for warranties and covenants. nCino will update on the financial impact during its third quarter earnings release.