Profitability And Cash FlowEBIT margins improved significantly to 16% from 2% in the previous year, reflecting better profitability and strong free cash flow performance with FY24 FCF finishing at $54M, a notable improvement from losses of $34M in the prior year.
Revenue And Subscription GrowthRevenue increased 13% YoY with Subscription revenue increasing 16% YoY, indicating strong top-line growth.
Sales And Market ReactionNCNO had its strongest sales in 10 quarters on the back of broad-based demand improvement, and shares up ~12% after-hours due to FY25 growth that was better-than-feared vs. buyside estimates and broadly positive commentary on demand.