nCino (NASDAQ:NCNO) released its second-quarter results, with earnings per share (EPS) of $0.09, surpassing the analyst projection of $0.07. The quarter’s revenue amounted to $117.24 million, which exceeded the Street estimate of $114.98 million. As a result, shares jumped more than 7% intra-day today.
The company raised its full-year outlook. The software firm now projects an adjusted EPS for the full year ranging from 38 cents to 41 cents, a slight increase from the earlier range of 37 cents to 40 cents. Furthermore, nCino anticipates the full-year revenue to fall within the range of $475.0 million to $478.5 million, slightly elevated from the previous range of $474.0 million to $478.5 million. Analysts had initially estimated full-year EPS of 38 cents on revenue of $476.6 million.
Regarding the third quarter, nCino forecasts revenue in the range of $120.0 million to $121.0 million, slightly below the Street estimate of $121.3 million. The adjusted EPS for the third quarter is anticipated to be between 10 cents and 12 cents, aligning with expectations.