Exceeding Revenue and Operating Income Expectations
nCino exceeded expectations for both revenues and non-GAAP operating income in Q3. Total revenues were $138.8 million, a 14% increase year-over-year, and subscription revenues were $119.9 million, also up 14% year-over-year.
Strong Sales Momentum
Sales momentum increased with over 30 multi-solution deals signed, and both U.S. community and regional, as well as U.S. enterprise businesses, reported strong sales, on track to exceed their gross bookings targets for the year.
International Expansion Success
International markets saw increased momentum with significant deals signed in Japan, Norway, and Luxembourg, expanding nCino's presence in EMEA and Asia.
Successful Acquisition of FullCircl
The acquisition of FullCircl was completed, enhancing nCino's customer onboarding capabilities and increasing the global SAM by approximately $800 million.
Banking Advisor Integration
Banking Advisor was added to 11 new customers, with plans to integrate it into every new deal and renewal, reflecting positive customer feedback and strategic alignment.