NCino, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2021
September 01, 2021 at 04:08 pm EDT
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nCino, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2021. For the quarter, the company reported total revenues of $66,519,000 against $48,765,000 a year ago. Loss from operations was $13,168,000 against $15,693,000 a year ago. Net loss was $14,263,000 against $14,724,000 a year ago. Basic and diluted net loss per share attributable to the company was $0.14 against $0.17 a year ago.
For the six months, the company reported total revenues of $128,874,000 against $93,477,000 a year ago. Loss from operations was $28,642,000 against $19,964,000 a year ago. Net loss was $29,868,000 against $19,556,000 a year ago. Basic and diluted net loss per share attributable to the company was $0.30 against $0.23 a year ago.
nCino, Inc. is a global provider of cloud banking solutions for the global financial services industry. The Company offers nCino Bank Operating System, which is a single, multi-tenant software-as-a-service solution that connects financial institutions (FI) employees, their clients and third parties on a single, cloud-based platform, eliminating silos and bringing new levels of coordination and transparency to the FI. This platform provides all the functionality necessary to complete workflow, enabling client onboarding, loan origination, deposit account opening, analytics and compliance. The nCino Bank Operating System also delivers data analytics and artificial intelligence and machine learning (AI/ML) capabilities through its nCino IQ application suite to provide its customers with automation and insights into their operations, such as tools for analyzing, measuring and managing credit risk, as well as to improve their ability to comply with regulatory requirements.
NCINO 
