nCino Announces Cost-Saving Plans and Updated 2026 Financial Targets

Published 2 days agoNCNO

nCino Announces Cost-Saving Plans and Updated 2026 Financial Targets

nCino is implementing significant cost-saving measures, targeting $24 million in savings, alongside updating its fiscal year 2026 financial projections. The company, known for its financial tech solutions, is integrating artificial intelligence to enhance operational efficiency and improve customer experiences.

For fiscal year 2026, nCino expects to generate revenue between $574.5 million and $578.5 million. Subscription revenue is predicted to reach between $503 million and $507 million. Additionally, the company's non-GAAP operating income is forecasted to be between $107 million and $111 million, with a non-GAAP net income per diluted share anticipated to fall between $0.66 and $0.69. Their Annual Contract Value (ACV) is projected at $564 million to $567 million, as reported by Reuters.

The company is strengthening its leadership with the appointment of Will Zhang as Chief Technology Officer. Zhang is tasked with advancing nCino's AI and machine learning strategies, which includes the recent acquisition of Sandbox Banking to improve connectivity for banks and credit unions. These developments support nCino's aim to accelerate sales momentum and gross bookings, reflecting a commitment to leveraging technological advancements for sustained growth.

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