nCino Reports Q2 2027 Earnings with Strong Subscription Growth and AI Adoption
nCino (NCNO) reported strong financial results for the second quarter of fiscal year 2027, driven by subscription revenue growth and international expansion. Total revenues reached $161 million, up 8% year over year, while non-GAAP operating income rose to $40.8 million—a 36% increase—due to disciplined expense management. Subscription revenue hit $143.5 million, reflecting a shift in pricing models and AI tool adoption by customers. The company noted progress on its platform pricing model with 48% of total Annual Contract Value (ACV) now under the new structure. International subscription revenues grew 13%, led by wins in Japan and Germany. However, U.S. mortgage subscriptions declined slightly due to higher interest rates impacting independent mortgage banks. Looking ahead, nCino raised its FY2027 revenue guidance to $644–$647 million with strong free cash flow growth expected at 69%. The company also announced a new stock repurchase authorization of $100 million following the completion of an accelerated share buyback program.
Tickers: $NCNO
Topics: free_cash_flow non-gaap_operating_income revenue share_repurchase subscription_growth