nCino, Inc. (NASDAQ:NCNO) Q2 2023 Earnings Conference Call September 1, 2022 4:30 PM ET
Company Participants
Harrison Masters – Investor Relations
Pierre Naudé – Chairman and Chief Executive Officer
David Rudow – Chief Financial Officer
Josh Glover – President and Chief Revenue Officer
Conference Call Participants
James Faucette – Morgan Stanley
Brad Sills – BofA Securities
Terry Tillman – Truist Securities
Saket Kalia – Barclays
Brent Bracelin – Piper Sandler
Brian Peterson – Raymond James
Robert Napoli – William Blair
Frederick Havemeyer – Macquarie
Joe Vruwink – Baird
Charles Nabhan – Stephens
Ken Suchoski – Autonomous Research
Maddie Schrage – KeyBanc Capital Markets
Operator
Good day, and thank you for standing by. Welcome to nCino Second Quarter Fiscal Year 2023 Financial Results Conference Call. [Operator instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Harrison Masters, Investor Relations. Please go ahead.
Harrison Masters
Good afternoon. And welcome to nCino’s second quarter fiscal 2023 earnings call.
With me on today’s call are Pierre Naudé, nCino’s Chairman and Chief Executive Officer; David Rudow, 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, including, without limitation, the acquisition and integration of SimpleNexus. These forward-looking statements are based on management’s current views and expectations, entail 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 is an exhibit to the Form 8-K furnished with the SEC just before this call.
With that, I will now turn the call over to Pierre.
Pierre Naudé
Thank you, Harrison. And thank you all for joining us today to discuss our second quarter fiscal 2023 results.
Our team executed extremely well in the second quarter, highlighted by our strong top line performance of $99.6 million in total revenues, a 50% increase over the second quarter of fiscal 2022, which includes SimpleNexus’ revenues. Excluding SimpleNexus we grew subscription revenues by 29% organically.