nCino, Inc. (NASDAQ:NCNO) Q2 2024 Earnings Conference Call August 29, 2023 4:30 PM ET
Company Participants
Harrison Masters - Director, IR
Pierre Naude - Chairman and CEO
Greg Orenstein - CFO
Josh Glover - President and Chief Revenue Officer
Conference Call Participants
Terry Tillman - Truist Securities
Charles Nabhan - Stephens
James Faucette - Morgan Stanley
Nick Altmann - Scotiabank
Cris Kennedy - William Blair
Joe Vruwink - Baird
Jessica Wang - Raymond James
J.R. Herrera - Piper Sandler
Jackson Ader - MoffettNathanson
Adam Bergere - Bank of America
Saket Kalia - Barclays
Ken Suchoski - Autonomous Research
Alex Markgraff - KBCM
Operator
Good day and thank you for standing by, and welcome to nCino Second Quarter Fiscal Year 2024 Financial Results Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
I would like to introduce your host for today's call, Harrison Masters, Director of Investor Relations. Please go ahead.
Harrison Masters
Good afternoon and welcome to nCino's second quarter fiscal 2024 earnings call. With me on today's call are Pierre Naude, nCino's Chairman and Chief Executive Officer; Greg Orenstein, Chief Financial Officer; and Josh Glover, President and Chief Revenue Officer.
During the course of this conference call, we will make forward-looking statements regarding trends, strategies, and the anticipated performance of our business. These forward-looking statements are based on management's current views and expectations, entails certain assumptions made as of today's date and are subject to various risks and uncertainties described in our SEC filings and other publicly available documents, the financial services industry, and global economic conditions. nCino disclaims any obligation to update or revise any forward-looking statements.
Further, on today's call, we will also discuss certain non-GAAP metrics that we believe aid in the understanding of our financial results. A reconciliation to comparable GAAP metrics can be found in today's earnings release which is available on our website and as an exhibit to the Form 8-K furnished with the SEC just before this call, as well as the earnings presentation on our Investor Relations website at investor.ncino.com.
With that, I will now turn the call over to Pierre.
Pierre Naude
Thank you, Harrison and thank you for joining us this afternoon to review our second quarter fiscal 2024 performance.
We are very pleased with the results and the momentum we saw both throughout the quarter. Both total and subscription revenues increased 18%, while we again outperformed on profitability, posting a 10% non-GAAP operating income margin for the quarter.