nCino ( (NCNO) ) has issued an announcement.
On April 1, 2025, nCino reported its financial results for the fourth quarter and fiscal year 2025, showing significant growth in revenues and subscription services. Despite a GAAP net loss, the company achieved a 14% increase in total revenues for the quarter and a 13% increase for the fiscal year, with subscription revenues growing by 16% and 15% respectively. The company also announced a $100 million stock repurchase program, reflecting confidence in its strategy to generate stockholder value. Recent business highlights include the appointment of Sean Desmond as CEO, the acquisition of Sandbox Banking to enhance data connectivity, and new partnerships with major banks in the U.S. and the Czech Republic.
More about nCino
nCino (NASDAQ: NCNO) is a leading provider of intelligent banking solutions aimed at digitizing and reengineering business processes for financial institutions. With a customer base that includes community banks, credit unions, independent mortgage banks, and large financial entities globally, nCino integrates artificial intelligence and data insights into its platform to enhance strategic decision-making, improve risk management, and elevate customer satisfaction.
YTD Price Performance: -17.78%
Average Trading Volume: 1,178,206
Technical Sentiment Signal: Buy
Current Market Cap: $3.18B
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