nCino, Inc. (NASDAQ:NCNO) Q1 2023 Earnings Conference Call June 1, 2022 4:30 PM ET
Company Participants
Brittany Riley - Investor Relations
Pierre Naude - Chairman and Chief Executive Officer
Josh Glover - President and Chief Revenue Officer
David Rudow - Chief Financial Officer
Conference Call Participants
James Faucette - Morgan Stanley
Saket Kalia - Barclays Bank PLC
Terrell Tillman - Truist Securities, Inc.
Bradley Sills - Bank of America Merrill Lynch
Josh Beck - KeyBanc Capital Markets Inc.
Robert Napoli - William Blair & Company, LLC
Charles Nabhan - Stephens Inc.
Alexander Sklar - Raymond James & Associates, Inc.
Mauro Molina - Piper Sandler & Co.
Kenneth Suchoski - Autonomous Research
Operator
Good day, and thank you for standing by. Welcome to nCino First Quarter Fiscal Year 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised this call is being recorded. [Operator Instructions]
I would now like to hand the conference over to your host today, to Brittany Riley, Investor Relations. You may begin.
Brittany Riley
Good afternoon, and welcome to nCino's first quarter fiscal 2023 earnings call. With me on today's call are Pierre Naude, 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, including those related to the impacts of COVID-19 on our business, the financial services industry and global and 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 as 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 Naude
Good afternoon, and thank you for joining us today to discuss our first quarter results for fiscal 2023. We had another strong quarter and a solid start to the year. Our team executed extremely well in the first quarter, highlighted by our strong topline performance with $94.2 million in total revenues, an increase of 51% over the first quarter of fiscal 2022, which includes the addition of SimpleNexus' revenues for the first full quarter. Subscription revenues grew 55% or 29% organically not including the addition of SimpleNexus.