nCino's stock surged 14.42% 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 of $0.05-$0.06. Revenue for the quarter reached $159.4 million, exceeding expectations of approximately $154.8 million. The strong performance was driven by a 12% year-over-year increase in subscription revenue to $140.9 million and improved profitability metrics, with adjusted operating income of $44.5 million surpassing estimates of $39 million.
nCino's results showed a notable turnaround to profitability, with net income attributable to shareholders climbing to $13.6 million from $5.6 million in the prior year. The company also provided optimistic guidance for the second quarter and full fiscal year 2027, projecting revenue between $642 million and $646 million for the full year, which aligns with analyst expectations.
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