Strong Revenue Growth
Total revenues in the third quarter were $152.2 million, up 10% year-over-year. Subscription revenues were $133.4 million, up 11% year-over-year on a reported basis.
AI Integration and Adoption
High adoption of AI capabilities with over 110 customers purchasing Banking Advisor intelligence units. The company expects to have approximately 100 Banking Advisor capabilities by the end of the fiscal year.
Significant Margin Expansion
Non-GAAP operating income was $39.9 million or 26% of total revenues, representing 600 basis points of operating margin expansion year-over-year and quarter-over-quarter.
International Market Expansion
Strong sales traction outside of the U.S. with new customer wins in Japan and expansion deals in EMEA, including the first Integration Gateway deal outside of the U.S.
Positive Customer Outcomes
nCino customers report significant improvements such as a $5 billion bank eliminating 86% of duplicate data entry and a $2 billion bank achieving 93% faster booking.