nCino's stock surged 14.35% in after-hours trading on Wednesday, following the release of its first-quarter fiscal 2027 financial results.
The banking software company reported quarterly earnings of $0.12 per share, significantly beating analyst estimates, while revenue reached $159.4 million, also exceeding expectations. The company's profit more than doubled year-over-year, with net income attributable to shareholders climbing to $13.6 million from $5.6 million in the prior year period.
nCino also raised its full-year revenue guidance, now expecting between $642 million and $646 million for fiscal 2027, up from its previous outlook. The strong performance was driven by a 12% increase in subscription revenue and improved profitability metrics, with the company citing strong customer adoption of its AI platform.
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