nCino (NASDAQ:NCNO) studies fiscal Q2 results that beat prime and backside line estimates.
Q2 highlights: Income rose 52% y/y to $48.8M, beating the consensus of $47.17M.
Subscription revenues rose 70% y/y to $39.4M.
Non-GAAP EPS of -$0.01 vs. a consensus of -$0.05.
Adjusted working loss was $1.6M, in comparison with lack of $5.3M in final 12 months’s quarter.
Money and money equivalents have been $388.2M as of July 31, 2020.
NCNO sees fiscal Q3 Non-GAAP EPS within the vary of ($0.09)-($0.10) vs. a consensus of ($0.10); Income of $49-$50M vs. $47.17M.
For FY21, sees EPS of ($0.25)-($0.26) vs. a consensus of ($0.24); Income of $193-194M vs. $184.79M.
Shares +6% after-hours.
Beforehand: nCino EPS beats by $0.04, beats on revenue (Sept. 9).
Associated: nCino, Inc. (NCNO) CEO Pierre Naudé on Q2 2021 Outcomes – Earnings Name Transcript (Sept. 9)
Learn: Cloud Stocks: Investors Say Yes To nCino’s IPO (July 28).
