Recent Highlights
Chief Revenue Officer Josh Glover, President and Chief Revenue Officer, is leaving nCino and joining a privately held company on an expansion level outside of the financial industry as President and Chief Revenue Officer. Paul Clarkson, who worked alongside Josh at the helm of nCino’s Global Revenue organization, has been promoted to Executive Vice President of Global Revenue. Josh will remain a representative at nCino through June, which will help ensure a smooth transition.
“I am grateful to Josh for his service to nCino over the past 12 years,” said Pierre Naudé. “While we regret his departure, we are very happy for him and wish him good luck as he embarks on a new professional career. “challenge. “
Naudé added, “Paul Clarkson is a proven and reputable leader at nCino, who has helped build and manage our global revenue organization for over 8 years. We are confident that this transition will be smooth and that we have the right team in place to continue our exciting trajectory and end-of-year momentum. “
nCino offers the following guidance for its 2025 fiscal year ending January 31, 2025:
Cino will host a conference call at 4:30 p. m. And today to talk about its monetary effects and its prospects. The telephone convention will be conducted via a live webcast and will be replayed in the Investor Relations segment of nCino’s website: https://investor. ncino. com/news-events/events-and-presentations.
CinonCino (NASDAQ: NCNO) is the global leader in cloud banking. Through its unique software-as-a-service (SaaS) platform, nCino is helping corporate, small, individual and lending money establishments modernize and onboard consumers more efficiently. lending grants, managing the loan lifecycle, and opening accounts. Transforming the way money establishments operate through innovation, reputation, and speed, nCino partners with more than 1,800 money providers worldwide. For more information, visit www. ncino. com.
Forward-Looking Statements: This press release includes forward-looking statements regarding the monetary and operational effects of nCino, including statements regarding nCino’s long-term functionality, prospects, guidance, assumptions underlying such statements, benefits arising from the use of the nCino responses, our methods and general business conditions. Forward-looking statements sometimes come with actions, occasions, effects, methods and expectations and are identifiable by the use of the words “believes”, “expects”, “intends”, “anticipates”. “, “plans”, “seeks”, “estimates”, “projects”, “possibly”, “may”, “could”, “could” or “continue” or similar expressions and their negative aspects. Any forward-looking statements contained in this press release are based on nCino’s legacy functionality and its existing plans, estimates and expectations and do not constitute a representation that such plans, estimates or expectations will be achieved. These forward-looking statements constitute nCino’s expectations as of the date of this press. release. Subsequent occasions may cause those expectations to be superseded, and unless required by law, nCino assumes no legal responsibility to update or revise such forward-looking statements. These forward-looking statements are subject to known and unknown dangers and uncertainties that could possibly cause actual effects to differ materially, adding, among others, dangers related to (i) additional adverse adjustments in the monetary facility industry due to visitor consolidation or bank failures; (ii) adverse adjustments in economic, regulatory or market conditions, aggregated as a direct or indirect result of higher interest rates; (iii) dangers related to obtaining DocFox, (iv) violations of our security measures or unauthorized access to the knowledge of our consumers or their consumers; (v) the accuracy of management’s assumptions and estimates; (vi) our ability to attract new consumers and attract existing consumers to expand use of our solution; (vii) competitive factors, additional pressure on prices, consolidation among competitors, access by new competitors, launch of new products and commercialization projects through our competitors, and difficulty in obtaining access rights or integration with third party products or know-how used through our consumers. ; (viii) the rate of adoption of our most recent responses and the effects of our efforts to maintain or expand the use and adoption of our more established responses; (ix) fluctuation in our operating effects, which would possibly make period-to-period comparisons less meaningful; (x) our ability to manage our growth well, including our expansion outside the United States; (xi) adverse adjustments in our relationships with Salesforce; (xii) our ability to win new corporations and/or integrate acquisitions into our existing organization, adding SimpleNexus; (xiii) the loss of one or more consumers, i. e. , one of our largest consumers, or a relief in the number of users for whom our consumers acquire access and use rights; (xiv) unavailability of the formula, disruptions to the functionality of the formula or loss of knowledge due to interruptions or other disruptions with our IT infrastructure or infrastructure on which we depend and which is operated through third parties; (xv) our ability to maintain our corporate culture and attract and retain highly qualified employees; and (xvi) the final results and effects of the judicial proceedings and the related prices and expenses.
In nCino’s public data, nCino has provided non-GAAP measures, which are measures of monetary functionality that have not been listed in accordance with U. S. accepted accounting principles. U. S. Securities and Exchange Commission, or GAAP. In addition to its GAAP measures, nCino uses those non-GAAP measures. -GAAP monetary measures internally for budgeting and resource allocation purposes and to analyze our monetary effects. For the reasons set forth below, nCino believes that the exclusion of the following provides useful data for understanding our effects from operations, comparing our long-term outlook, comparing our currency effects over multiple accounting periods, and comparing our currency effects to those of our peers, many of whom offer similar non-GAAP monetary measures.
There are limitations to the use of non-GAAP monetary measures because non-GAAP monetary measures are not prepared in accordance with GAAP and would likely be different from non-GAAP monetary measures provided through other companies. Non-GAAP financial measures are limited in cost because they exclude certain items that may also have an impact on our reported financial results. Additionally, they are subject to inherent limitations because they reflect the making of judgments through nCino’s control over which pieces are adjusted to calculate its non-GAAP monetary measures. nCino compensates for those limitations by analyzing existing and long-term effects on a GAAP basis as well as on a non-GAAP basis, and also by providing GAAP measures in its public disclosures. Non-GAAP monetary measures should not be considered in isolation or as a replacement for monetary data prepared in accordance with GAAP. nCino encourages investors and others to review our monetary data in its entirety, not to rely on a single monetary measure to compare our business, and to consider our non-GAAP monetary measures together with the most directly comparable GAAP monetary measures. GAAP to non-GAAP monetary measures are provided in the following tables.
CONTACTS
INVESTOR CONTACTHarrison MastersnCino 1 910. 734. 7743Harrison. masters@ncino. com
MEDIA CONTACTNatalia MoosenCinoNatalia. moose@ncino. com